Purpose of Payment

Available purpose-of-payment enum values with concise inferred definitions.


EnumDefinition
advertisingPayment related to advertising/marketing expenses
advisor_feesPayment for advisory services
charityPayment designated for a registered charity organization
commissions_or_feesPayment for commissions or fees
family_supportRemittance or repatriation of funds for family member
investmentPayment for an asset designated as an investment
loan_repaymentPayment against loan interest or principal
medicalPayment for medical expenses or fees
otherPayment for any category not captured in this list
payrollPayment for salary, stipend, wage, etc.
purchase_of_goodsPayment designated for tangible goods, products, materials, etc.
purchase_of_servicesPayment designated for non-tangible services
real_estatePayment designated for property, and or structure on a property
royaltiesDesignated for legally binding, ongoing payments made to an owner of property; typically, intellectual property (IP), creative works, or natural resources in exchange for the right to use, sell, or license that asset
taxesPayment for any tax imposed by a governing body
treasuryPayment between accounts owned by the originator
travelPayment designed for travel-related fees and expenses e.g. flight, ride service, gas, etc.