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pay packet
pay-per-view
pay scale
pay television
pay TV
pay up
payable
payback
paycheck
payday
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PAYE
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paying guest
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payments netting
pay·ments net·ting


noun 
Definition:
 
reducing of transfers to net amount: the consolidation of amounts owed to and by an organization to a single payment or receipt at the end of a period. Reducing the number of transactions reduces costs.
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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