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Consider drops of water that leak at a steady rate from a dripping faucet.As the drops fall they
Payable
An amount of money that is owed and should be paid.
Definite Period
A specific, fixed duration of time identified in a contract or agreement during which certain actions must be performed or conditions met.
Presented
Shown, given, or made available for viewing or consideration.
Payment
The transfer of money or goods from one party to another as compensation for goods or services provided or as a fulfillment of a legal obligation.
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