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LSDefine
Simple English definitions for legal terms
money paid
Read a random definition: discretionary trust
A quick definition of money paid:
Money paid refers to the act of giving someone money in exchange for goods or services. It can also refer to a legal term called "action for money paid" which is a type of lawsuit where someone is seeking to recover money that they paid to someone else. This can happen if the payment was made by mistake or if the other person did not fulfill their part of the agreement.A more thorough explanation:
Definition: Money paid for a product or service.
Example: John paid $50 for a haircut at the salon.
This example illustrates the definition of money paid. John paid $50 to the salon for the service of getting a haircut.