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  • Rule: ActivityStreamsMapasEquivalentb3sb3sifpdbprdf-labelfacetshttp://dbpedia.org/resource/inference/rules/dbpedia#http://dbpedia.org/resource/inference/rules/opencyc#http://dbpedia.org/resource/inference/rules/umbel#http://dbpedia.org/resource/inference/rules/yago#http://dbpedia.org/schema/property_rules#http://www.ontologyportal.org/inference/rules/SUMO#http://www.ontologyportal.org/inference/rules/WordNet#http://www.w3.org/2002/07/owl#ldpoplwebskos-transurn:det:rdf:labelvirtrdf-labelvirtrdf-urlNone
    
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About: Split payment     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Transaction101106808, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatSalesyago:Abstraction100002137yago:Act100030358yago:Commerce101090446yago:Event100029378yago:GroupAction101080366yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntityyago:Sale101114824yago:Selling101113068yago:Transaction101106808 New Facet based on Instances of this Class

Split payment (also split payment transaction) is the financial term for the act of splitting (dividing) a single and full amount of payment in two or more simultaneous transactions made by different payment methods and/or enable several individuals to jointly contribute part of the order total. For example: split payment of a $100 to a retail shop can be done when the customer pays $50 in cash and $50 by credit card. Same goes for $50 credit card for both parties.Split payment is not the same as an installment purchase (a.k.a. hire purchase), where payments are done periodically with the same payment method.