§ 2-7-1-11

(a) 'Payment' means a payment, compensation, reimbursement, distribution, transfer, loan, advance, conveyance, deposit, gift, pledge, subscription, or other rendering of money, property, services, or anything else of value, whether tangible or intangible, and any contract, agreement, promise, or other obligation, whether or not legally enforceable, to make a payment.(b) 'Paid' means that payment has been made.(c) 'Pay' means the act of making a payment.As added by Acts 1981, P.L.9, SEC.1.