Encyclopedia of Early Modern History Online

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Payment transactions
(2,155 words)

1. General

The term payment transactions refers to the organization of the fulfillment of promises to pay, which customarily are made in the course of commercial transactions. Before the emergence of national payment systems, especially in the course of the development of central banks (see Bank of issue; cf. 4.3. below), payment transactions usually took place directly between individual commercial centers with their own financial services; …

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Denzel, Markus A., “Payment transactions”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 11 December 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_030646>
First published online: 2015
First print edition: 20200721

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