Payment

Standard of deferred payment

Main article: Standard of deferred payment

While standard of deferred payment is distinguished by some texts,^[5] particularly older ones, other texts subsume this under other functions.^[4][22][23] A "standard of deferred payment" is an accepted way to settle a debt – a unit in which debts are denominated, and the status of money as legal tender, in those jurisdictions which have this concept, states that it may function for the discharge of debts. When debts are denominated in money, the real value of debts may change due to inflation and deflation, and for sovereign and international debts via debasement and devaluation.

Measure of value

Money acts as a standard measure and common denomination of trade. It is thus a basis for quoting and bargaining of prices. It is necessary for developing efficient accounting systems. But its most important usage is as a method for comparing the values of dissimilar objects.

The front-end of the web-to-print process is similar to desktop publishing (DTP) in that individuals or graphic designers use desktop publishing software to create pre-defined templates. These templates are then posted online for later customization by end-users and automated production by a print house or commercial printer. Unlike DTP, web-to-print can bypass the use of traditional design tools by the end-user as the templates utilized in this process are based upon a WYSIWYG (often browser-based) interface that can be edited and approved by a client and by the print house without a graphic designer’s assistance.

Commercial web-to-print applications can include both print on demand (POD) or pre-printed materials that are pulled from inventory. (POD) documents can have static content or include elements of variable data printing (VDP), a form of POD that is mainly used for personalization of marketing materials with product or customer data that is pulled from a database. VDP is geared toward mass customization, whereas web-to-print focuses only on changes made from order to order. VDP pre dates web-to-print although at that time the design process was carried out via close collaboration with the printer for documents such as invoices.