Misplaced Pages

#133866

30-508: The operator of the ride sits in the ‘ paybox ’ and makes the ride stop and start, and collects money from the staff who typically ride the platform and spin the cars by hand. Riders sit on the bench seat of the car and are held in place by a locking restraining bar. Traditional Waltzer platforms are surrounded by a gangway , where would-be riders can stand and wait for their turn. This was often an important social aspect of fairs, especially for teenagers. Due to health and safety regulations, this

60-436: A fine . Payments can be effected in a number of ways, for example: In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly affected in the local currency of the payee unless the parties agree otherwise. Payment in another currency involves an additional transaction for

90-462: A "most valuable analysis" of the correct contractual construction of such payments. An initial up-front partial payment for the purchase of an expensive items or service is often referred to as a " down payment "; this is also called a deposit in British English . A payment may involve more than two parties. For example, a pre-paid card transaction usually involves four parties: the purchaser,

120-431: A Waltzer (The Black Hole) 1986 - 2006 and Drayton Manor Park a Waltzer 1980 - 2010 that was converted into a themed dark ride in 1992. The UK's largest theme park, Alton Towers, hosted a Waltzer as one of several new fairground type additions for the 2021 season. 6 Fairground Art by Geoff Weedon and Richard Ward 7 fairground-heritage.org.uk/ learning/ Robert Lakin & Company [[Categorm Payment A payment

150-776: A debt). The Middle English word "payen", which came from the French, was also used in both ways. There are two types of payment methods; exchanging and provisioning . Exchanging involves the use of money , comprising banknotes and coins . Provisioning involves the transfer of money from one account to another, and involves a third party. Credit card , debit card , cheque , money transfers , and recurring cash or ACH ( Automated Clearing House ) disbursements are all electronic payments methods. Electronic payment technologies include magnetic stripe cards , smartcards , contactless cards , and mobile payment . Progress payments or instalment payments are often used to allow payment in stages for

180-516: A guarantee or other security for a debt does not constitute a payment. The root word "pay" in "payment" comes from the Latin "pacare" (to pacify), from "pax", meaning "peace". In the Middle Ages, the term began to be used more broadly, to mean "to pacify one's creditors". As the Latin word was made part of Old French "paier", it retained the meaning "appease" but gained the meaning "to pay" (as in paying

210-511: A multicriteria decision making or multi-criteria decision analysis problem that is the closest to the ideal could be determined by the VIKOR method , which provides a maximum utility of the majority, and a minimum individual regret of the opponent. In international politics, compromises often discussed include infamous deals with dictators, such as Neville Chamberlain 's appeasement of Adolf Hitler . Margalit calls these "rotten compromises." In

240-459: A waltzer, therefore 9 and 11 car variations can be found. Some Waltzer cars had brakes that activate automatically when the safety bar is open. Newer models built by Fairtrade Services have a braking system that stops each car, making them face outwards automatically once the car is stationary. Waltzers remain popular at travelling and many coastal funfairs, but are less common at large static amusement parks. Though Blackpool Pleasure Beach operated

270-447: Is expected to double to 18.82 per cent in 2011. There is a fast growth of mobile payments around the world. Google Pay, Apple Pay and Samsung Pay are the three main choices for mobile payments, while some banks also allow NFC Payments. In some countries, mobile wallets have become a dominant way of mobile payments. Historically, cheques have been one of the primary means of payment for purchasing goods and services, though its share in

300-493: Is no longer permitted on British fairs. In static amusement parks, there are often differences in the operation, such as an organised queue system and ride controls located away from the ride platform. A family anecdote says that the Waltzer was invented by Mr Dennis Jefferies of Congleton, Cheshire C1920. He originally named the ride "The Whirligig". The first riders were his nieces, Phyllis and Dolly Booth. The Booth family retain

330-505: Is sometimes called the "art of compromise". Polling by the American Survey Center indicates that Americans take a favorable view of political compromise. In human relationships, "compromise" can make no party happy because the parties involved feel that they either gave away too much or that they received too little. Compromise may be referred to as capitulation , a " surrender " of objectives, principles, or material. Extremism

SECTION 10

#1732858602134

360-454: Is the tender of something of value , such as money or its equivalent, by one party (such as a person or company) to another in exchange for goods or services provided by them, or to fulfill a legal obligation or philanthropy desire . The party making the payment is commonly called the payer , while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of

390-404: The construction of buildings or other assets. Instalment payments were planned for in the case of Cadogan Petroleum Holdings Ltd v Global Process Systems LLC , where the latter would pay in instalments for the acquisition of two gas plants. Their contract stated that ownership would not pass until the payments were complete and that any failure to pay an instalment would allow Cadogan to rescind

420-517: The European Union under the Late Payment directives of 2000 and 2011. Compromise To compromise is to make a deal between different parties where each party gives up part of their demand . In arguments , compromise means finding agreement through communication , through a mutual acceptance of terms—often involving variations from an original goal or desires. Defining and finding

450-520: The United States and other democratic countries , many politicians of recent times permanently campaign to gain reelection. Thus, United States Ambassador to Germany Amy Gutmann and political scientist Dennis F. Thompson have observed that compromise is more difficult. The problem of political compromise in general is an important subject in political ethics . Politicians being willing to compromise can reduce partisanship and hostility. Politics

480-448: The Waltzer in its modern form. His ideas were used by Charles Thurston and R J Larkin to produce the first Waltzer in 1933. Jackson's didn't make a Waltzer until 1949 ( possibly the ride ridden by Phyllis and Dolly Booth) by which time Lakin had made a dozen rides. It is also possible that a variety of ‘Noah’s Ark ride’, a fairground ride first imported from Germany in 1930 aided development Although all early Waltzers were made by Lakins,

510-516: The best possible compromise is an important problem in fields like game theory and the voting system. Research indicates that suboptimal compromises are often the result of negotiators failing to realize when they have interests that are completely compatible with those of the other party, leading them to settle for suboptimal agreements. Mutually better outcomes can often be found by careful investigation of both parties' interests, especially if done early in negotiations. The compromise solution of

540-472: The cheque is not presented to the bank until the next taxable year, even though the payer could stop payment on the cheque, in the meantime. Postdated cheques , however, are not considered payment when delivered. Generally, payments by credit card take effect at the point of the sale and not when a payer is billed by the credit card company or when the payer pays the credit card company's bill. A business that reports on an accrual basis, would report income in

570-442: The contract , "without prejudice to any accrued rights". The High Court ruled that the wording allowed Cadogan to retain the instalments which had been paid even though they did not acquire the assets in exchange. The court referred to a text written by Jack Beatson , later a Lord Justice of Appeal , on Discharge For Breach: The Position of Instalments, Deposits and other Payments due before Completion , which Eder J described as

600-410: The conversion. The payee may compromise on a debt, i.e., accept part payment in full settlement of a debtor's obligation, or may offer a discount, E.G: For payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge , for example, as a late payment fee, or for use of a certain credit card, etc. Payments are frequently preceded by an invoice or bill, which follows

630-613: The ideas. This former wheelwright and haulage contractor from Congleton set up the Park Amusement company with his brother Thomas and began to design new rides. In 1920 they designed and patented the Waltzing Dolls ride which mechanically simulated the waltz but was never made. They established the Waltzo Company (Manchester) in 1922 to manufacture a simpler waltzing ride that they had patented. Eight years later Thomas Jackson designed

SECTION 20

#1732858602134

660-414: The next. For U.S. tax purposes, cash payments generally are taken to occur at the time of payment. Payment may also occur when a person transfers property or performs a service to the payee in satisfaction of an obligation. A payment by cheque is normally deemed to occur when the cheque is delivered, as long as the cheque is honoured on the presentation by the payee. This rule also generally applies where

690-462: The original drawings to this day. The manufacture of the ride was passed to Jackson's of Congleton Actual published history states that in about 1881 agricultural engineers Charles Burrell and Percival Everitt registered a design for a Waltzing machine. their intention was to rotate a series of circular platforms travelling around an outer ring creating the movement of the waltz, the machine was never built but 40 years later Herbert Percy Jackson took up

720-444: The payer's legal obligations. The acceptance of a payment by the payee extinguishes a debt or other obligation. A creditor cannot unreasonably refuse to accept a payment, but payment can be refused in some circumstances, for example, on a Sunday or outside banking hours. A payee is usually obligated to acknowledge payment by producing a receipt to the payer. A receipt may be an endorsement on an account as "paid in full". The giving of

750-409: The payment mix is falling worldwide. In 2001, in the United States, cheques accounted for 25% of the U.S.-based payment mix; and in 2006, this was projected to fall to 17%. The timing of payment has legal implications in some situations. For tax purposes, for example, the timing of payment may determine whether it qualifies as a deduction in a taxpayer's calculation of taxable income in one year or

780-511: The ride became strongly associated with the Scottish firm Maxwell and Sons of Musselburgh. Larkin went on to manufacture 13 machines, Maxwell built approximately 52 rides, Jackson's 30 rides, ARM 5 rides, Keith Emmett 2 and Pollards & Wallis 1 each plus in recent years and still building Robert Porters Fairtrade 25 rides up to 2023 with probably many more to follow. Waltzers originally had 10 cars. However, several Ark rides have been converted into

810-798: The seller, the issuing bank and the acquiring bank . A cash payment requires at least three parties: the seller, the purchaser and the issuer of the currency. A barter payment requires a minimum of two parties: the purchaser and the seller. The infrastructure and electronic clearing methods are formed by the payment provider . Global credit card payment providers are Diners Club , Visa , American Express and MasterCard . Maestro and Cirrus are international debit card payment providers. Blockchain also provides an infrastructure for payments using digital currency and potentially better security, fewer intermediaries, and lower transaction costs. In 2005, an estimated $ 40 trillion globally passed through some type of payment system. Roughly $ 12 trillion of that

840-461: The supply of goods or services, but in some industries (such as travel and hotels) it is not uncommon for pre-payments to be required before the service is performed or provided. In some industries, a deposit may be required before services are performed, which acts as a part pre-payment or as security to the service provider. In some cases, progress payments are made in advance, and in some cases part payments are accepted, which do not extinguish

870-573: The year of sale though payment may be received in a subsequent year. Payment of most fees to government agencies by cheque, if permitted, usually takes effect after a set number of days for clearance or until the cheque is actually cleared. Payments by credit card, if permitted, and cash payments take immediate effect. Normally, no other forms of payment are permitted or accepted. Commercial late payments and consequent interest entitlements are regulated in some countries, for example in Member States of

900-510: Was transacted through various credit cards, mostly the 21,000 member banks of Visa and MasterCard . Processing payments, including the extending of credit, produced close to $ 500 billion in revenue. In 2012, roughly $ 377 trillion passed through noncash payment systems. This led to total account and transaction revenues of nearly $ 524 billion. In the U.S., debit cards are the fastest growing payment technology. In 2001, debit cards accounted for 9 percent of all purchase transactions, and this

#133866