delay of payment

USAGE SUMMARY

The phrase "delay of payment" is correct and usable in written English.
It can be used in contexts related to finance, contracts, or agreements where payment is postponed or not made on time. Example: "Due to unforeseen circumstances, we are experiencing a delay of payment for the services rendered last month."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

"There is only a delay of payment".

The New York Times - Sports

The buyer is, in general, excused from the payment of interest as well as additional damages if the delay of payment was due to unforeseeable and unavoidable obstacles.

Encyclopedia Britannica

However, in both countries problems are caused by the low sums, which are paid by the insurance organizations and from the delay of payment.

BMC Health Services Research

[and that] the delay in payment by the plant led to a one year delay of payment distribution to local households in Son La province'.

Human Ecology

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

At this stage, the market will likely price in a delay of payments should the government continue to deposit coupon payments until they can reach a deal with the holdouts in 2015".

The Guardian

Another key issue, raised was delay of payments to FBOs by the district council; hence increased running costs of respective health facilities.

BMC Health Services Research

We Americans inbreed this mentality, this delaying of payment due, across the marketplace, not only with reckless home-buying commitments.

The New York Times

First, the United States might be "forced to incur widespread delays of payments to suppliers and employees, as well as Social Security payments to citizens".

The New York Times

"We have quite considerably reduced volumes in order to control risk exposure in Greece due to the delays of payments by the market operator," said a Swiss-based trader.

Huffington Post

"The U.S. risks being forced to incur widespread delays of payments to suppliers and employees, as well as Social Security payments to citizens -- all of which would damage the perception of U.S. sovereign creditworthiness and the economy," the agency added.

Los Angeles Times

Among the most well known stopgap measures have been raiding special state funds earmarked for other purposes, skipping pension payments, and imposing long delays on payment of Medicaid bills.

Huffington Post

Expert writing Tips

Best practice

When discussing financial agreements, clarify the specific reasons and conditions surrounding the "delay of payment" to maintain transparency and avoid misunderstandings.

Common error

Avoid using "delay of payment" when the payment is not just late, but completely unfulfilled or unlikely to be fulfilled. "Default" implies a more severe and potentially irreversible situation.

Linguistic Context

The phrase "delay of payment" functions as a noun phrase, typically serving as the subject or object of a sentence. It describes the act or state of postponing a payment.

Expression frequency: Common

Frequent in

News & Media

30%

Science

30%

Formal & Business

20%

Less common in

Encyclopedias

10%

Reference

5%

Wiki

5%

Ludwig's WRAP-UP

The phrase "delay of payment" is a common and grammatically sound way to describe a situation where a payment is postponed. As confirmed by Ludwig, it's suitable for various contexts, including formal business communications, news reports, and scientific discussions. While "delay of payment" is generally acceptable, it's important to choose more precise alternatives, such as "deferred payment" or "late payment", depending on the specific situation. Be mindful not to confuse it with "payment default", which signifies a more severe and potentially unrecoverable financial situation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment postponement

This alternative is more concise and focuses on the act of postponing the payment.

deferred payment

This option uses a more formal tone, implying a scheduled or agreed-upon delay.

late payment

This phrase indicates that the payment is already past the due date.

overdue payment

This emphasizes that the payment is past its due date and is now outstanding.

payment arrears

This suggests an accumulation of unpaid amounts, indicating a more serious delay.

payment default

This term implies a complete failure to meet the payment obligations.

moratorium on payments

This suggests a temporary suspension of payments, often due to legal or economic reasons.

rescheduling of payment

Focuses on the act of changing the payment schedule to a later date.

extension of payment terms

This highlights the change in the agreement regarding payment deadlines.

suspension of payment

Indicates that payments have been temporarily halted.

FAQs

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

You can use "delay of payment" to describe a situation where a payment is postponed or not made on time. For example: "Due to unforeseen circumstances, there will be a "delay of payment" for this month's invoices."

What is a more formal alternative to "delay of payment"?

A more formal alternative is "deferred payment", which implies a scheduled or agreed-upon postponement of payment.

What's the difference between "delay of payment" and "late payment"?

"Delay of payment" refers to a postponement, while "late payment" indicates that the payment is already past its due date.

When should I use "payment default" instead of "delay of payment"?

Use "payment default" when the payment obligation is completely unfulfilled or unlikely to be fulfilled, indicating a more serious situation than a temporary "delay of payment".