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The phrase "a time limit for payment" is correct and usable in written English.
You can use it when discussing deadlines or conditions related to financial transactions.
Example: "Please ensure that you make the payment by the due date, as there is a time limit for payment specified in the contract."
Alternatives: "payment deadline" or "payment timeframe".
Exact(1)
It should also specify a time limit for payment or performing the particular action.[5].
Similar(59)
Each was given a time limit for each repetition.
Each contest has a time limit for completion.
Set a time limit for achievement.
Set a time limit for yourself.
Capacity mechanisms, as simple, state-administered payments without a time limit, also give rise to regulatory policy issues.
The Financial Conduct Authority has admitted it cannot estimate the future costs of compensation faced by banks for payment protection insurance, as it set out its plans to impose a time limit on claims in 2018.
The action was the result of a 1996 decision by Congress to eliminate Supplemental Security Income, or S.S.I., for most immigrants who entered the country after Aug. 22 of that year, and to set a seven-year time limit for others - mainly refugees - receiving the welfare payment.
Is there a time limit?
A time limit.
Set a time limit.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com