what does the word ex gratia payment mean?
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An ex gratia payment is a payment made by an employer where there is no contractual obligation to do so – it is derived from the Latin: “out of kindness” (used to mean done as a favor and without legal obligation). Ex gratia translates to 'by favour' and literally means a voluntary payment or a gift.
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In terms of delivery Ex-works, the seller delivers goods to the buyer at his (seller's) premises. ... Insurance also is arranged by buyer under ex-works terms. However, in terms of FCA delivery, the export cleared goods are delivered by the seller to the carrier at the named and defined location mentioned in the contract.
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GRPO is a Excise Transaction Type (ETT) used for reference for Goods Receipt against Purchase Order against which you need to Specify Excise Accounts per Excise Transaction as well as Specify G/L Accounts per Excise Transaction.
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"In default" is a bit more formal/legal, and means that a 'contract' has been broken and further legal action may be necessary. "In arrears" just means "behind in your payments".
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A grace is a short prayer or thankful phrase said before or after eating. ... The term comes from the Ecclesiastical Latin phrase gratiarum actio, "act of thanks." In Christian theology, the act of saying grace is derived from the Bible, in which Jesus and Saint Paul pray before meals (cf. Luke 24:30, Acts 27:35).
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Greed (Latin: avaritia), also known as avarice, cupidity, or covetousness, is, like lust and gluttony, a sin of desire. ... Thomas Aquinas wrote, "Greed is a sin against God, just as all mortal sins, in as much as man condemns things eternal for the sake of temporal things."
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It means the numer of months that you choose to differ the payment. If you have to pay 1000 and you choose 3 “cuotas” it means you'll pay 333.3 + bank interest monthly.
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is that invoice is a bill; a commercial document issued by a seller to a buyer indicating the products, quantities and agreed prices for products or services that the seller has already provided the buyer with an invoice indicates that, unless paid in advance, payment is due by the buyer to the seller, according to the ...
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-grat-, root. -grat- comes from Latin, where it has the meaning "pleasing; thankful; ... '' This meaning is found in such words as: congratulate, grateful, gratify, gratis, gratitude, gratuitous, gratuity, ingrate, ingratiate, ingratitude.
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to repay; remunerate; reward, as for service, aid, etc. to pay or give compensation for; make restitution or requital for (damage, injury, or the like).
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Ex-gratia means a payment made by an employer/management "gratis" that is of one's own discretion and under no obligation of any law. Ex-gratia is not part of the salary rather it is a form of incentive. ... Such ex-gratia payments do not fall under the purview of the Employee's Provident Fund Act, 1952.
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2 Answers. “E.g.” is the abbreviation of the Latin phrase “exempli gratia” meaning for example. “Ex.” Has become a logical abbreviation or short form for the word example although its usage is not very common. It may be used to refer to a cited example e.g. “see ex.
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Ex-gratia means a payment made by an employer/management "gratis" that is of one's own discretion and under no obligation of any law. ... It is given by the management to a worker/employee either as gratitude for his/her extra work, or of free will when the company is making profits.
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debt. ... Debt comes from the Latin word debitum, which means "thing owed." Often, a debt is money that you must repay someone.
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What does “GTL” mean on my paycheck? GTL stands for group term life. Your life insurance policy with Principia is for two times your annual salary. ... On your paycheck under Deductions, you will see “GTL” with a benefit amount.
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Etymology. The word is derived from the Old English weorþscipe, meaning to venerate "worship, honour shown to an object, which has been etymologised as "worthiness or worth-ship"—to give, at its simplest, worth to something.
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2 Answers. “E.g.” is the abbreviation of the Latin phrase “exempli gratia” meaning for example. “Ex.” Has become a logical abbreviation or short form for the word example although its usage is not very common.