§ 2-7-1-11 — "Payment"

(a) "Payment" means a payment, compensation,
reimbursement, distribution, transfer, loan, advance, conveyance,
deposit, gift, pledge, subscription, or other rendering of money,
property, services, or anything else of value, whether tangible or
intangible, and any contract, agreement, promise, or other obligation,
whether or not legally enforceable, to make a payment.
(b) "Paid" means that payment has been made.
(c) "Pay" means the act of making a payment.
As added by Acts 1981, P.L.9, SEC.1.