Defrayment definition

Defrayment here means formal proof of settlement of an RTD performer’s claim against the customer for services rendered. 4 Grant Thornton, an experienced auditor of FP projects, have stated that as auditors they would accept this as evidence of defrayment provided that the invoice/statement to the SME/Associations specifies this is the defrayment method being used.
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Examples of Defrayment in a sentence

  • Defrayment of the Management Fee shall be contingent upon the Management Company’s supplying the Company with a tax invoice at the beginning of the month subsequent to the month on account of which the invoice was rendered.

Related to Defrayment

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Stipend means a teaching fellowship stipend distributed to

  • Pay means rate of compensation for the job.

  • Costs For any Person, any claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and other costs and expenses of such Person.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;