A payment segment exists for each obligation that receives a portion of a payment. Linked to every frozen payment segment is a financial transaction. This financial transaction affects an obligation's payoff balance and/or current balance. It also contains the journal details that debt cash and credit some other account.
The topics in this section provide information about the financial impact of a payment segment.
Refer to The Financial Big Picture for more information about a payment's place in the financial big picture.
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