Definition: The term "payment," as used in the New Testament, refers to a sum or amount that is due or demanded by another person for a debt or obligation.
Here's a brief overview:
1.
Debt
: A debt involves an agreement between two parties (the obligor and the obligee) under which one party has an obligation to pay money or goods in return for services, goods, labor, or other things of value. Debt typically arises from contracts or obligations.
2.
Obligations
: Obligations are agreements that obligors owe a promise by another person. These can be either due or unpaid, and they often involve the giving up of some property or rights in return for payment.
3.
Payment
: Payment is an act of obligation or agreement to make money or goods available or transfer them to another person. It involves making a demand for something from someone else, as opposed to receiving it directly from them.
In the context of the Bible's narrative, "allayment" could be referring to repayment or debt that obligates a debtor to pay back debts owed by an obligor. This concept could also apply in legal contexts where a creditor is seeking payment from the debtor for a debt owed under a contract or other agreement.
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