Pay it forward: Difference between revisions
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{{otheruses4|the philosophy|the film|Pay It Forward (film)}} |
{{otheruses4|the philosophy|the film (based on the novel of the same name by [[Catherine Ryan Hyde]])|Pay It Forward (film)}} |
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The expression "'''pay it forward'''" is used to describe the concept of asking that a good turn be repaid by having it done to others instead. In [[contract law]], typically there are two parties, but there may be a third party beneficiary. "Pay it forward" means the creditor (obligee) offers the debtor (obligor) the option of "paying" the debt ''forward'' by lending the funds to a [[third party beneficiary|third person]] instead of paying it ''back'' to the original creditor. Debt and payments can be monetary or by good deeds. In sociology, this concept is called "'''generalized reciprocity'''" or "'''generalized exchange'''". A related transaction, which starts with a gift instead of a loan, is [[alternative giving]]. |
The expression "'''pay it forward'''" is used to describe the concept of asking that a good turn be repaid by having it done to others instead. In [[contract law]], typically there are two parties, but there may be a third party beneficiary. "Pay it forward" means the creditor (obligee) offers the debtor (obligor) the option of "paying" the debt ''forward'' by lending the funds to a [[third party beneficiary|third person]] instead of paying it ''back'' to the original creditor. Debt and payments can be monetary or by good deeds. In sociology, this concept is called "'''generalized reciprocity'''" or "'''generalized exchange'''". A related transaction, which starts with a gift instead of a loan, is [[alternative giving]]. |
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==External links== |
==External links== |
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*[http://www.payitforwardfoundation.org/ Pay It Forward Foundation] |
*[http://www.payitforwardfoundation.org/ Pay It Forward Foundation] |
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[[Pay It Forward the Book http://www.catherineryanhyde.com/catherineryanhyde/Pay_It_Forward.html]] |
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*[http://www.pif.org.uk/ Pay It Forward UK] |
*[http://www.pif.org.uk/ Pay It Forward UK] |
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*[http://pifaustralia.org/ Pass It Forward - Australia] |
*[http://pifaustralia.org/ Pass It Forward - Australia] |
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Revision as of 20:46, 11 April 2010
The expression "pay it forward" is used to describe the concept of asking that a good turn be repaid by having it done to others instead. In contract law, typically there are two parties, but there may be a third party beneficiary. "Pay it forward" means the creditor (obligee) offers the debtor (obligor) the option of "paying" the debt forward by lending the funds to a third person instead of paying it back to the original creditor. Debt and payments can be monetary or by good deeds. In sociology, this concept is called "generalized reciprocity" or "generalized exchange". A related transaction, which starts with a gift instead of a loan, is alternative giving.
See also
- Kindness
- Reciprocity (social psychology)
- Reciprocity (cultural anthropology)
- social responsibility
- Gift economy
References
External links
Pay It Forward the Book http://www.catherineryanhyde.com/catherineryanhyde/Pay_It_Forward.html
- Pay It Forward UK
- Pass It Forward - Australia
- Pay It Forward Nation - Social Media Movement (Twitter Based)
- Heinlein Society - Note the mission statement on the main page.
- [1] Facebook group - Pay It Forward Revolution Network
- http://www.cbc.ca/mrl3/8752/bc/ondemand/video/bc-090219-pay-forward-NIXON.wmv