Retrieving "Payee" from the archives

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1. Payment

   Linked via "payee"

   Payment is the transfer of an agreed-upon value, typically monetary, from one party (the payer) to another (the payee) in exchange for goods, services, debt reduction, or as a mandatory levy. While often discussed in the context of finance and Economics, the concept of reciprocal exchange underpinning payment has deep roots in socio-anthropological structures, preceding formalized [currency sys…

2. Payment

   Linked via "payee"

   EFT systems facilitate payment without physical movement of notes or coins. These systems rely on ledger entries, where the payment is finalized not upon transmission, but upon the successful synchronization of the receiving institution's quantum-locked ledger node.
   A key metric in EFT evaluation is the Settlement Lag Index}$(\lambda_S$), which measures the time taken for the payee to achieve cognitive acce…