Pay, Payback, Payback Packed, Payee

Pay, Payback, Payback Packed, Payee :

Pay : When a fixed amount of money is given to an individual or a company for the goods and services it had given that amount is called pay

Payback = Payback Packed : The time required to recover an investment made in a project. Basically, payback is calculated by dividing the amount of the investment by the amount of money the investor will get back each year. There are different methods for calculating the amount of money returned. Payback period might be extended if firm is getting nominal profit because manufacturer always takes some part of profit as return towards his investment.

Payee : The person to whom debt is paid is called payee.


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