cleared for payment

USAGE SUMMARY

The phrase "cleared for payment" is correct and usable in written English.
It is typically used in financial contexts to indicate that a transaction or payment has been approved and is ready to be processed. Example: "The invoice has been reviewed and is now cleared for payment, so you can proceed with the transaction."

✓ Grammatically correct

News & Media

Wiki

Science

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Of the 66 children at her center, 32 have yet to be cleared for payment by the county.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

Follow the instructions, selecting "Stolen" as your reason and "stop billing" to be cleared of payment for 30 days.

WikiHow

Once it sells, whether by fixed price or by auction listing, send the buyer an invoice and wait for cleared payment.

WikiHow

Further complicating matters, a U.S. law prohibiting any foreign bank from clearing payment for Iranian crude will take effect on June 28.

The New York Times

IATA was formed to run this regulated aviation commerce, acting as a clearing house for payments between airlines and drawing up rules for everything from the size of sandwiches to the price of headphones for in-flight films.Those days are on the way out.

The Economist

Officials in Asia have been wary of a new United States law that would deny access to the American financial system for foreign financial institutions that do business with Iran's central bank, the country's main clearing house for payments for oil.

The New York Times

Indian officials were quoted in Indian news media this month as saying that they were clearing payments for Iranian oil through the Bundesbank.

The New York Times

The president's action clears the way for payments of $250,000 to the partners.

The New York Times

Although the types of frustrations experienced by some Family Rewards participants are not unusual for cash transfer programs, which might diminish motivation, the CBOs and the helpline created a good degree of trust for the program through dedicated customer service, community-building social events and clear explanations of rules for payment and their legitimacy.

IZA Journal of Labor Policy

Banks process the payday lenders' fees through the Automatic Clearing House, or ACH, the national system for verifying and clearing financial payments.

The Guardian - Money

Payments are increasingly being made with payment cards despite the fact that the cost of clearing a card payment usually exceeds the cost of transferring cash.

Journal of Monetary Economics

Expert writing Tips

Best practice

When using "cleared for payment" in financial documents, ensure that all necessary approvals and verification steps have been completed to avoid any discrepancies.

Common error

Avoid assuming that a payment is "cleared for payment" simply because an invoice has been submitted. Verify that all approval workflows, budget allocations, and compliance checks are complete before marking it as such.

Linguistic Context

The phrase "cleared for payment" functions as a descriptive adjective phrase indicating that a payment has been authorized and is ready for processing. Ludwig AI validates the correctness and usability of the phrase in written English.

Expression frequency: Rare

Frequent in

News & Media

30%

Wiki

25%

Science

15%

Less common in

Formal & Business

10%

Academia

10%

Encyclopedias

10%

Ludwig's WRAP-UP

In summary, the phrase "cleared for payment" is a grammatically sound and usable English phrase predominantly found in financial, business, and administrative contexts. Ludwig AI confirms its validity. It indicates that a payment has been officially authorized and is ready for processing. While primarily professional, it can appear in various sources, including news and media, though its use is more common in formal settings. Alternatives like "approved for payment" and "authorized for payment" can be used depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

approved for payment

Indicates official agreement or permission for a payment to be processed.

authorized for payment

Implies formal sanctioning, allowing the payment to proceed.

payment authorized

Reorders the phrase, emphasizing the authorization of the payment.

payment approved

Reorders the phrase, emphasizing the approval of the payment.

eligible for reimbursement

Focuses on the eligibility aspect, suggesting the payment is justified.

funds released for payment

Highlights the release of funds specifically for the payment.

payment processed

Indicates that the payment is already underway and being handled.

payment finalized

Emphasizes that the payment process is complete and settled.

approved for disbursement

Describes that the fund is approved to be paid out.

ready for remittance

Indicates readiness for sending or transferring the payment.

FAQs

What does "cleared for payment" mean?

The phrase "cleared for payment" means that a payment request has been reviewed, approved, and is now ready to be processed by the relevant financial systems.

How can I use "cleared for payment" in a sentence?

You can use "cleared for payment" in sentences like, "The invoice has been reviewed and is now "approved for payment"." or "Once the transaction is "authorized for payment", the funds will be transferred."

What's the difference between "cleared for payment" and "payment processed"?

"Cleared for payment" indicates the payment is approved and ready to be processed, while "payment processed" means the payment is already underway and being handled by the financial system.

What are some alternatives to "cleared for payment"?

Alternatives include "approved for payment", "authorized for payment", or "eligible for reimbursement", depending on the specific context.