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.
The bottom line: Minimum payments are the absolute smallest amount youâre permitted to pay on your credit card balance each month, and your card issuer can calculate this figure in a couple of different ways. But paying just the minimum isnât a good idea, so be sure to pay the whole balance every time!