The borrowing of money, therefore, is an alternative which governments use to supplement the revenues from taxation in order to obtain the necessary means for the payment of their bills.
This is not achieved without a sophisticated digital infrastructure, and, as a result, Norway has one of the most cost-efficient payment infrastructures in the world as a percentage of GDP, making digital card payments the most cost-efficient means of payment for consumers, merchants and society as a whole for even the smallest purchases.
Cheque accounts, credit cards and wire transfers provide means of payment for the exchange of goods and services, and financial assets.
In a detailed research note, David Woo of Bank of America Merrill Lynch argues that "bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers".
If bitcoins are the next-generation means of payment for global online commerce, which is what some of the currency's techie boosters believe, we are going to need a lot more of them in circulation.
But Mr. Katyal urged the judges to see the law not as a mandate to buy an insurance policy, but as a regulation of the means of payment for care that individuals would inevitably consume.
In effect, the operator bills the user on behalf of the content provider, and then hands over the money.In theory, reverse billing could be used as a means of payment for online commerce; a book, CD or cinema ticket could be charged directly to the user, as though it were an expensive phone call.
Facebook is going to be a means of payment for purchasing stuff via mobile e-commerce apps, according to a new report from AllThingsD.
The report, called "Bitcoin: A First Assessment," acknowledged bitcoin's potential to become "a major means of payment for e-commerce" and "a serious competitor to traditional money transfer providers".
A person becomes a bonded laborer when their labor is a means of payment for a loan... Forced labor is any work or services which people are forced to do, against their will under the threat of some form of punishment.
