basis of payment

USAGE SUMMARY

The phrase "basis of payment" is correct and usable in written English.
It can be used in contexts related to financial agreements, contracts, or discussions about compensation structures. Example: "The contract outlines the basis of payment for the services rendered, ensuring clarity for both parties involved."

✓ Grammatically correct

Science

News & Media

Academia

Human-verified examples from authoritative sources

Exact Expressions

12 human-written examples

According to the Gems chief executive, Chris Kirk, DfID has structured the funding "on basis of payment by results … We will only make a profit from the programme if we exceed on the targets that we've been set".

The Guardian

Although the bill provided only for the negotiation with tribes east of the Mississippi on the basis of payment for their lands, trouble arose when the United States resorted to force to gain the Indians' compliance with its demand that they accept the land exchange and move west.

Britannica

Where the regulations in this part provide for compensation, allowance, or other payment, no payment shall be made therefor unless a definite amount or basis of payment is authorized in the individual case, or is approved as provided in paragraph (f) of this section.

Cornell University

Efficiency would be enhanced if payment methods aligned the basis of payment and incentives among those involved in the patient’s care.

Forbes

However, the Constitution also allows the State to give land to private investors on the basis of payment which will be determined by law (FDRE Constitution Art 40 6)).

Pastoralism

For example, to recognize quality and safety, we may need change the fundamental basis of payment from the piecemeal approach of paying for separate episodes of care to paying for an array of services (including preventative care) that correspond to "evidence-based" care protocols a group of services and procedures that are recognized as providing the right care at the right time.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

48 human-written examples

On the basis of payments offered under the 2012 2013 UK QOF contract and without considering opportunity costs, we estimate that case finding for depression in CHD and diabetes cost over £6 million per annum 56 in the context of the £1 billion total estimated cost of QOF each year.

BMJ Open

93, substituted "Payment of Federal unemployment tax on quarterly or other time period basis" for "Payment of taxes under provisions of the Tariff Act" in item 6157.

Cornell University

Possession of private health insurance was allocated on the basis of the payment classification variable having the value of 'private insured'.

BMC Health Services Research

The classification by ICD 10 diagnosis and by impairment categories (ICF) ranks a high percentage of patients and appears to be stable enough over time to form the basis of a payment system.

BMC Health Services Research

Private practice 'integrated' into public practice: medical services provided by resident physicians in public facilities, held within public premises, using public resources, and typically offered with no time restrictions and during public sector shifts but on the basis of informal payment (very common in Bissau, especially in SMCH).

Health Policy and Planning

Expert writing Tips

Best practice

When discussing contracts or agreements, clearly define the "basis of payment" to avoid ambiguity. Specify whether it's hourly, project-based, or performance-linked.

Common error

Avoid using "basis of payment" when you actually mean the reason for a payment. The "basis" is the method or structure, not the purpose.

Linguistic Context

The phrase "basis of payment" functions as a noun phrase that specifies the method, rationale, or system upon which a payment is determined. Ludwig provides examples of its use in various contexts, confirming its grammatical correctness.

Expression frequency: Common

Frequent in

Science

33%

News & Media

33%

Academia

25%

Less common in

Encyclopedias

8%

Formal & Business

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "basis of payment" is a common and grammatically correct term used to describe the method or structure for compensating goods, services, or work. Ludwig confirms its validity through numerous examples across diverse fields such as science, news, academia, and law. It's crucial to differentiate it from the purpose of payment, ensuring the phrase is used to clarify the how rather than the why. Alternatives like "payment terms" or "compensation structure" can be employed depending on the specific context. Clear definition of the "basis of payment" in agreements is recommended to avoid ambiguity, whether it's hourly, project-based, or performance-linked. The sources confirm the correctness of the expression.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

method of payment

Broader term focusing on the 'how' of payment rather than the 'why'.

payment terms

Focuses on the conditions under which a payment is made, such as deadlines and methods.

compensation structure

Refers to the overall system of rewarding employees or contractors, including salary, benefits, and incentives.

system of remuneration

Focuses on the systematic approach to compensating individuals.

remuneration method

Highlights the specific approach used to compensate someone for their services or work.

method of reimbursement

Specifically addresses how expenses or costs are repaid to someone.

payment schedule

Emphasizes the timing and frequency of payments, rather than the underlying reason.

fee structure

Pertains to the rates and charges associated with a particular service or profession.

rate of pay

Focuses on the amount paid per unit of time or work completed.

compensation plan

Describes a detailed strategy for rewarding employees or executives, often including performance metrics.

FAQs

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

You might say, "The contract outlines the "basis of payment" for services rendered" or "The company changed its "basis of payment" from hourly to project-based".

What's a good alternative to "basis of payment"?

Depending on the context, you could use "payment terms" or "compensation structure".

Is "basis of payment" formal or informal?

"Basis of payment" is generally considered a neutral to formal phrase, suitable for business, legal, and academic contexts.

What does "basis of payment" actually mean?

It refers to the underlying method or system used to calculate and provide compensation for goods, services, or work performed.