Excise takes part of its meaning from the prefix ex-, out. A writer may excise long passages of a novel to reduce it to a reasonable length, or a film director may excise a scene that might give offense. A surgeon may excise a large cancerous tumor, or make a tiny excision to examine an organ's tissue. Excise is also a noun
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible. payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.
Word by Word Definitions. payplay. : to make due return to for services rendered or property delivered. : to engage for money : hire. : to give in return for goods or service. : something paid for a purpose and especially as a salary or wage : remuneration. : the act or fact of paying or being paid. : the status of being paid by an employer : employ. : containing or leading to something precious or valuable. : equipped with a coin slot for receiving a fee for use. : requiring payment.