What is another word for partial payment?
A common synonym is "installment." Both terms describe paying a part of the total sum over multiple transactions or periods. Other alternatives are "partial remittance," "fractional payment," or "partial settlement.
"On account" is an accounting term that denotes partial payment of an amount owed. On account is also used to denote the purchase/sale of goods or services on credit. On account can also be referred to as “on credit.”
Partial payments in business
Customers invoiced for products or services may find those invoices due all at once or partially. Partial payments are also known as installment payments, split payments, down payments, or upfront payments.
- instalment. n.
- partial payment. n.
- installment. n.
- down payment. n.
- deferred payment. n.
- installments. n.
- deposit. n.
- security. n.
This typically occurs when purchased goods or services are paid for over time. Partial pay is sometimes called a part payment, a down payment, upfront payment, or an installment payment. Examples of agreements allowing partial pay include: Real Estate Purchase.
- “50% deposit, balance due on delivery”
- “50% due upon receipt of invoice”
- “50/50”
- “Net 50”
- “Minimum payment due”
- “Remaining balance due in 60 days”
- “Monthly payment due on April 1, 2020”
- “1% 10 Net 30”
- 50% deposit, balance due on delivery.
- 50% due upon receipt of invoice.
- Net 90.
- Remaining balance due in 30 days.
- Contra payment.
- Monthly payment due on [date]
A common synonym is "installment." Both terms describe paying a part of the total sum over multiple transactions or periods. Other alternatives are "partial remittance," "fractional payment," or "partial settlement.
A partial payment example invoice may say something like “75% payment on receipt of goods” and then “25% due on completion of work.” Depending on the job, you may also wish to include a final payment due date.
A business owner may specify a "50/50" term, which means that a 50% deposit is payable on receipt of an order, and the balance is due on the customer's receipt of the product or service ("50% deposit, balance on delivery").
What word can I use instead of payment?
| remuneration | remittance |
|---|---|
| remitment | disbursement |
| compensation | settlement |
| discharge | defrayal |
| liquidation | clearance |
A rebate is a partial refund of the cost of an item.
instalment. If you pay for something in instalments, you pay small sums of money at regular intervals over a period of time, rather than paying the whole amount at once.
Split payment (also split payment transaction) is the financial term for the act of splitting (dividing) a single and full amount of payment in two or more simultaneous transactions made by different payment methods and/or enable several individuals to jointly contribute part of the order total.
With the half-payment method, you split your monthly recurring bills in half. If you're paid on a biweekly schedule, you'll set aside half of the bill's payment so you're ready when the full payment is due.
For example, an employee missed the August Salary payroll run but was due to receive a gross amount of $5,000 (their monthly salary). A partial payment of $3,000 was issued to the employee.
- paying.
- compensation.
- repayment.
- giving.
- remittance.
- disbursement.
- remuneration.
- reimbursement.
The term partial payment refers to any payment that an employer makes to an employee, contractor, or service provider that is less than the full amount owed to that party.
| layaway plan | installment buying |
|---|---|
| credit plan | deferred payment plan |
| installment plan | layaway purchase |
| hire purchase plan | time payment plan |
| borrowing | store credit |
What are the 3 methods of payment? The three most common payment methods are cash, credit cards and debit cards.
What is the meaning of part payment?
Meaning of part payment in English
a payment that is less than the whole amount owed: part payment for sth The company received 500,000 shares as part payment for the sale of its transport division. We are unable to repay the debt, but have offered to make a partial payment.
If any payment is due on a Note and only part of such amount that is due is paid, a notation shall be made in the Register of the amount paid and the date of payment.
amount, award, cash, deposit, disbursement, fee, outlay, pension, premium, refund, reimbursement, remittance, reparation, repayment, restitution, return, reward, royalty, salary, settlement, subsidy, sum, support, wage.
be partial to (verb as in like) Strongest matches. admire appreciate go for love. Strong matches. adore approve cherish dig esteem exclaim fancy prize relish savor.
“Going Dutch” (Splitting the bill) Going Dutch(sometimes written with lower-case dutch) is a term that indicates that each person participating in a paid activity covers their own expenses, rather than any one person in the group defraying the cost for the entire group.
