cessation of payments

USAGE SUMMARY

'cessation of payments' is correct and usable in written English.
It is typically used in professional or business contexts, and generally means that someone has stopped making payments. For example: "The company was unable to meet its financial obligations, leading to a cessation of payments on its outstanding loans."

✓ Grammatically correct

Formal & Business

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

22 human-written examples

"Argentina will not fall into a cessation of payments," Mr. de la Rúa said.

The New York Times

The French law of 1985, preserving vestiges of the traditional relation-back theory, invalidates payments of debts made after their due date and the date of the cessation of payments if the recipient had knowledge of the cessation of payments.

Encyclopedia Britannica

In addition, security interests or satisfaction obtained by the creditor after a cessation of payments or filing of a petition are voidable if the trustee shows that the creditor knew of the cessation of payments or petition.

Encyclopedia Britannica

Spain is one of the countries still adhering to the general invalidation of transactions following the cessation of payments.

Encyclopedia Britannica

Liquidation is decreed if the debtor has either resorted to cessation of payments or committed specified acts manifesting insolvency.

Encyclopedia Britannica

With the exception of Austria, Italy, and Switzerland, the countries listed above retract the effective date of adjudication to the date of the cessation of payments.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

38 human-written examples

Firstly, it consists in the statement of cessation of payment.

Journal of Innovation and Entrepreneurship

However, alimony payments will cease when: You reach the date set by the judge for cessation of alimony payments.

WikiHow

The separatist leaders now face the challenge of building a state despite heavily damaged local infrastructure and the cessation of pension payments from Kiev.

The Guardian

Many political analysts believe that his resignation is likely if there is a cessation of debt payments, which would make Senator Puerta interim president until new elections are held.

The New York Times

The cessation of ART overtime payments during the transition period was another key factor, effectively removing the only formal mechanism of enforceability associated with ART service performance.

BMC Health Services Research

Expert writing Tips

Best practice

When writing about financial matters, use "cessation of payments" to clearly indicate a halt in the payment process, especially in formal documents or reports.

Common error

Avoid using "cessation of payments" when you only mean a temporary delay. "Suspension of payments" is more appropriate if payments are expected to resume.

Linguistic Context

The phrase "cessation of payments" functions as a noun phrase, specifically as a subject or object within a sentence, referring to the act or state of stopping payments. Ludwig AI confirms that is correctly and usable in written English, typically in business or professional context.

Expression frequency: Uncommon

Frequent in

Formal & Business

25%

News & Media

30%

Encyclopedias

30%

Less common in

Science

15%

Wiki

0%

Social Media

0%

Ludwig's WRAP-UP

The phrase "cessation of payments" is a grammatically correct and professionally appropriate way to describe the act of stopping payments. Ludwig AI confirms its usability, particularly in business and legal contexts. While not a very common phrase, it precisely indicates a halt in financial transactions, differing from "suspension" which implies a temporary pause. When writing about this topic, it's important to differentiate between temporary delays and more permanent terminations, and to be aware of the legal implications that may arise. Related phrases like "payment stoppage" or "failure to pay" may be suitable in less formal settings. Predominantly, it appears in formal business documents, news reports, and encyclopedic articles.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment stoppage

Replaces "cessation" with "stoppage", focusing on the act of stopping payments.

suspension of payments

Uses "suspension" to indicate a temporary halt in payments, implying a possible resumption later.

payment termination

Emphasizes the ending of payments, suggesting a more permanent stop.

discontinuance of payments

A more formal way to say payments have stopped.

failure to pay

Focuses on the inability or refusal to make payments.

payment default

Highlights the breach of a financial agreement due to non-payment.

non-payment

A simple and direct term for the absence of payment.

arrears in payments

Indicates that payments are overdue or behind schedule.

lapse in payments

Implies a temporary break or interruption in the payment schedule.

cessation of remittances

Specifically refers to the stopping of money being sent, often across borders.

FAQs

How can I use "cessation of payments" in a sentence?

You might say, "The company announced a cessation of payments due to unforeseen financial difficulties" or "The contract included a clause addressing the cessation of payments in the event of bankruptcy".

What is a less formal alternative to "cessation of payments"?

In less formal contexts, you could use phrases like "payment stoppage" or "failure to pay" to convey a similar meaning.

Is there a difference between "cessation of payments" and "suspension of payments"?

"Cessation of payments" implies a more permanent halt, while "suspension of payments" suggests a temporary pause with the expectation of resumption.

What are the legal implications of a "cessation of payments"?

A "cessation of payments" can trigger various legal consequences, such as bankruptcy proceedings or breach of contract claims, depending on the specific agreements and jurisdictions involved.