close out the payment

USAGE SUMMARY

The phrase "close out the payment" is correct and usable in written English.
It can be used when referring to the finalization or completion of a payment process. Example: "Please ensure that we close out the payment by the end of the day to avoid any delays."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

The indictment documents dozens of payments to various middlemen and the steps Lopez then allegedly took to close out the person's case.

Los Angeles Times

The indictment documents dozens of payments to various middlemen and the steps Lopez then allegedly took to close out the person's case.

Los Angeles Times

I wanted to close out the match".

The New York Times - Sports

After filling out the payment details, press "Submit".

WikiHow

The Register may, in the Register's discretion, 4 years after the close of any calendar year, close out the royalty payments account for that calendar year, and may treat any funds remaining in such account and any subsequent deposits that would otherwise be attributable to that calendar year as attributable to the succeeding calendar year.

Harvard University

Indeed, of the 22 institutions that have received either collateral from the government or cash payments to close out credit insurance deals, 16 are foreign.

The New York Times

Lay out the payment schedule.

WikiHow

Fill out the payment method.

WikiHow

Fill out the "Payment Info" section.

WikiHow

Fill out the payment information below that.

WikiHow

Before the closing, the payment per truck was about $250.

The New York Times

Expert writing Tips

Best practice

Consider the context. In formal settings, "finalize" or "complete the payment" may be preferred over "close out".

Common error

Don't use "close out the payment" when you mean to "pay off the payment". "Close out" refers to finalizing a process, whereas "pay off" means settling a debt completely.

Linguistic Context

The phrase "close out the payment" functions as a verb phrase that describes the action of finalizing or completing a payment process. Based on Ludwig AI it refers to the ultimate completion of a transaction.

Expression frequency: Missing

Frequent in

Science

0%

News & Media

0%

Formal & Business

0%

Less common in

Science

0%

News & Media

0%

Formal & Business

0%

Ludwig's WRAP-UP

In summary, the phrase "close out the payment" is grammatically correct but not commonly used. Ludwig AI confirms its usability for describing the finalization of a payment process. Alternatives such as "finalize the payment" or "complete the payment" might be more appropriate in formal settings. While technically correct, "close out the payment" lacks substantial real-world examples, suggesting it may not be the most prevalent choice among native English speakers. Therefore, always consider the context and audience when using this phrase.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Finalize the payment

Replaces "close out" with "finalize", focusing on the completion aspect.

Complete the payment

Uses "complete" instead of "close out", emphasizing the action of finishing the payment.

Settle the payment

Employs "settle" to suggest resolving or concluding the payment obligation.

Clear the payment

Uses "clear" to indicate the payment has been processed and finalized.

Conclude the payment

Substitutes "close out" with "conclude", highlighting the termination of the payment process.

Close the payment transaction

Adds "transaction" to clarify the specific aspect of closing out the payment.

Reconcile the payment

Focuses on the accounting aspect of ensuring the payment is properly recorded and balanced.

Final accounting of the payment

Emphasizes the final accounting or record-keeping associated with the payment.

Finish processing the payment

Highlights the act of finishing the payment's processing steps.

Wrap up the payment

Uses "wrap up" as a more informal way to say closing out the payment.

FAQs

What does "close out the payment" mean?

"Close out the payment" means to finalize or complete all necessary actions related to a payment, ensuring it is fully processed and accounted for. It implies bringing the payment process to a conclusion.

What can I say instead of "close out the payment"?

You can use alternatives like "finalize the payment", "complete the payment", or "settle the payment" depending on the context.

Is it correct to say "close out the payment"?

Yes, "close out the payment" is grammatically correct, but it's less common. More formal alternatives include "finalize the payment" or "complete the payment".

How is "close out the payment" different from "pay off the payment"?

"Close out the payment" refers to finalizing the payment process, while "pay off the payment" means to fully settle a debt or outstanding balance. They are not interchangeable.