a payment of around

USAGE SUMMARY

The phrase "a payment of around" is correct and usable in written English.
It can be used when discussing an approximate amount of money that is to be paid or received. Example: "The invoice indicates a payment of around $500 is due by the end of the month."

✓ Grammatically correct

News & Media

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

This outcome would mean a payment of around £0.8bn.

The Guardian - Business

The Ansa news agency reported that New Italia Foundation, of which Mr Alemanno is president, had received a payment of around €40,000 from Carminati.

Independent

Michael Jackson bought ATV Music for $47.5m£33m3m) in 1985, which was reputed to have soured his friendship with McCartney, and merged his catalogue with Sony in 1995, for a payment of around £59m, resulting in the formation of Sony/ATV.

The Guardian - Music

Implementing one of the key manifesto pledges for education of the Scottish National party (SNP), the executive's education secretary, Fiona Hyslop, is expected to announce the end of graduate endowments, a payment of around £2,200 made by students when they complete their degrees.

The Guardian - Money

Following a two-year process, a payment of around $20,000 for the licence, plus league fees, countless meetings with potential investors, sponsors, stadium owners and coaches, they are the proud and bold owners of the newest team in the fourth division of the US football pyramid.

The Guardian - Sport

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

António Horta-Osório, chief executive of Lloyds Banking Group, is in line for a maximum payment of around £7.5m if all the performance criteria attached to a long-term scheme he was handed three years ago are met.

The Guardian - Business

Oasis Overland (01963 363400, oasisoverland.co.uk) has a 23-week Trans Africa trip from the UK to Cape Town, leaving on 20 November, for £2,650 plus a local payment of around £720.

The Guardian - Travel

There is a cooling off period for the creditors of UBIG, the Lithuanian investment bank that owns 50% of HOMFCplc, who had previously agreed to transfer the shares to BDO, for a token payment of around £100,000.

BBC

For a one-off payment of "around £8,000" – a figure derided by many experts as unrealistically low – people in England would be able to guarantee themselves free residential care (including, apparently, the food and accommodation costs excluded from Labour's plan).

The Guardian

If the court approves of Uber's proposed settlement, Marshall, who drove for Uber full time for nearly two years, could receive a one-time payment of around $6,000 to $8,000.

Los Angeles Times

To help soften the blow, the government is offering a one-time cash payment of around $77 per person.

The New York Times

Expert writing Tips

Best practice

When using "a payment of around", ensure the context clearly indicates what the payment is for and to whom it is being made. This avoids ambiguity and ensures clarity.

Common error

Avoid using "a payment of around" when you have the exact figure. Use it only when the amount is an estimate or approximation to maintain accuracy.

Linguistic Context

The phrase "a payment of around" functions as a prepositional phrase, modifying a noun by indicating an approximate quantity. According to Ludwig, this phrase is a correct and usable expression for describing monetary amounts.

Expression frequency: Uncommon

Frequent in

News & Media

65%

Formal & Business

20%

Wiki

15%

Less common in

Science

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "a payment of around" is a grammatically correct and usable expression for indicating an approximate monetary amount. Ludwig confirms its validity for describing approximate amounts. It is commonly used in news and media contexts, with neutral formality. When using this phrase, ensure you're referring to an estimate rather than a precise figure to maintain accuracy and avoid ambiguity. Alternatives include "approximately a payment of" and "a payment of about". Overall, the phrase is a useful tool for describing payments where an exact figure is not available or necessary.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

approximately a payment of

Reorders the phrase while retaining the emphasis on approximation.

a payment of about

Substitutes "around" with "about", offering a more direct synonym for approximation.

an estimated payment of

Explicitly states that the payment is an estimate.

a payment of roughly

Replaces "around" with "roughly", another common synonym for indicating an estimate.

a payment in the vicinity of

Uses a more formal expression to indicate an approximate payment amount.

a payment in the neighborhood of

Similar to "in the vicinity of", this phrase provides a slightly more colloquial way of expressing approximation.

a payment of nearly

Emphasizes that the payment is close to a particular amount, though slightly less precise than "around".

a payment close to

Indicates that the payment is near a specific figure.

a payment in the ballpark of

Uses an idiomatic expression to convey approximation.

a payment of more or less

Highlights a degree of uncertainty around the exact payment amount.

FAQs

How can I use "a payment of around" in a sentence?

You can use "a payment of around" to indicate an approximate amount of money, such as "The company is expecting "a payment of around" $1000 for the services provided".

What are some alternatives to "a payment of around"?

Some alternatives include "approximately a payment of", "a payment of about", or "an estimated payment of".

Is it appropriate to use "a payment of around" in formal writing?

While generally acceptable, using more precise language like "an estimated payment of" or "a payment in the vicinity of" may be preferable in highly formal contexts.

What's the difference between "a payment of around" and "a payment of exactly"?

"A payment of around" suggests an approximation, while "a payment of exactly" indicates a precise amount. For instance, ""a payment of around" $500" implies it could be slightly more or less, whereas "a payment of exactly $500" leaves no room for variation.