contractual payment

USAGE SUMMARY

The phrase "contractual payment" is correct and usable in written English.
You can use it when you want to refer to a payment that is due according to an agreement or contract between two or more parties. For example: The company was required to make a contractual payment of $200,000 by the end of the month.

✓ Grammatically correct

News & Media

Science

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

The company believes the contractual payment was necessary because it was in the midst of a restructuring, with its part of Cairn India being sold to Vedanta, and it wanted to motivate Gammell to get the deal done by 15 December – a date which was later than expected because it had been delayed by regulatory requirements in India.

The Guardian - Business

The rating helps investors assess an individual bond's creditworthiness, or the likelihood that it will fulfill its contractual payment obligations without delinquency or default.

Forbes

A large percentage of the contractual payment is only forthcoming if people remain in their jobs for six or 12 months.

BBC

(Alpha PCT, finance director) After a number of successful data challenges by the PCT, the trust's new finance director warned that cutting the contractual payment would endanger the trust's financial viability.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

Hotel Reservations said the value of the deal includes shares it already purchased, as well as some unspecified contractual payments.

The New York Times

If Carly Fiorina, boss of HP, were in future to be sacked for mere incompetence, massive contractual payments would be triggered.

The Economist

"Consequently, as a result of a lower than expected cash balance, the group is very unlikely to meet all contractual payments.

The Guardian - Business

The ruling said that all United States insurers that sell annuities and life insurance policies to customers outside the United States must withhold income taxes from their contractual payments to those customers.

The New York Times

As a result he encountered violent hostility from monks, clerics, and nobles, who possessed much of Bobbio's extensive property through long-term civil-law land leases and refused to make contractual payments or supply troops demanded by Otto.

Encyclopedia Britannica

The document also discloses that the contract provides for deductions from contractual payments should targets be missed by the supplier, although the council would not discuss Vangent's service performance.

The Guardian

Whether you decide to stay in Europe or not, even if you cannot afford to make the full contractual payments to the debts after you have paid your priorities, you could make reduced payments based on a detailed financial statement following a full budgeting process.

Independent

Expert writing Tips

Best practice

When discussing financial or legal obligations, use "contractual payment" to clearly indicate that the payment is required by a formal agreement.

Common error

Ensure that you're not using "contractual payment" when referring to payments made out of goodwill or without legal obligation. Use the term only when a contract mandates the payment.

Linguistic Context

The phrase "contractual payment" functions as a noun phrase, identifying a payment that is required or specified by the terms of a contract. As Ludwig AI confirms, this usage is grammatically correct and well-documented in various sources.

Expression frequency: Rare

Frequent in

News & Media

30%

Science

30%

Encyclopedias

20%

Less common in

Formal & Business

10%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "contractual payment" is a noun phrase denoting a payment mandated by a contract. It’s grammatically correct, although relatively rare in general usage, as confirmed by Ludwig AI. The phrase is most frequently encountered in news, scientific, and encyclopedia contexts, indicating a formal and neutral register. When using this phrase, ensure you are referring to a payment that is legally required by a contract, distinguishing it from voluntary payments. Alternative phrases include "payment under contract" or "agreed upon payment", depending on the specific emphasis needed.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

contractual payments

Plural form; refers to multiple instances of payment due to a contract.

payment under contract

Emphasizes the legal obligation of the payment based on the contract terms.

contractual compensation

Highlights that the payment serves as recompense as agreed in the contract.

agreed-upon payment

Focuses on the mutual agreement regarding the payment's amount and terms.

stipulated payment

Emphasizes that the payment is specifically required by the contract.

payment obligation

Highlights the duty to make the payment as dictated by the contract.

contractual fee

Suggests that the payment is for a service as outlined in the contract.

scheduled payment

Highlights payments made on a regular basis under a contract.

mandatory disbursement

A formal way to describe legally required payments

funds transfer under agreement

Focuses on the practical execution of the payment according to the contract.

FAQs

How to use "contractual payment" in a sentence?

You can use "contractual payment" to refer to a payment that is required by a contract, such as "The company failed to make the "contractual payment" on time".

What can I say instead of "contractual payment"?

Alternatives include "payment under contract", "agreed upon payment", or "payment obligation", depending on the context.

What's the difference between "contractual payment" and "voluntary payment"?

"Contractual payment" refers to a payment that is required by a legally binding agreement, while a "voluntary payment" is made willingly without any contractual obligation.

Is "contractual payments" or "contractual payment" more common?

Both are acceptable, but "contractual payments" is used when referring to multiple payments outlined in a contract, while "contractual payment" refers to a single, specific payment. You can also use "payment under contract" as an alternative.