### Question
How does DEPOSITING, KEEPING, AND PAYING MONEY define payment?


### Answer
Under *31 U.S.C. § 3351*, **payment** is defined as:

> any transfer or commitment for future transfer of Federal funds such as cash, securities, loans, loan guarantees, and insurance subsidies to any non-Federal person or entity or a Federal employee, that is made by a Federal agency, a Federal contractor, a Federal grantee, or a governmental or other organization administering a Federal program or activity

#### Citation:
  - *31 U.S.C. § 3351*
  - Heading: **SUBTITLE III-FINANCIAL MANAGEMENT > CHAPTER 33-DEPOSITING, KEEPING, AND PAYING MONEY > SUBCHAPTER IV-IMPROPER PAYMENTS**

