equivalent payments

USAGE SUMMARY

The phrase "equivalent payments" is correct and usable in written English.
It can be used in financial contexts to refer to payments that are equal in amount or value, often in relation to loans, investments, or contracts. Example: "The loan agreement stipulates that the borrower must make equivalent payments each month until the debt is fully repaid."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

ITV's main competitors for audiences and revenues the BBC, Channel 4 and BSkyB make no equivalent payments for their licences.

The Economist

Fee-for-service (FFS) equivalent payments could likewise be estimated for stays under capitated managed-care plans if a state has a public FFS payment formula.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

After G.E. pays the dividend, the swap is canceled and the investor gets back the shares plus the dividend equivalent payment.

The New York Times

For example, in the presence of minimum wage regulations, wage subsidies may bridge the gap between a productivity equivalent payment and the minimum wage.

IZA Journal of Labor Policy

If Apple was to use this mechanism as the underlying currency or stored value behind their core 'debit card' equivalent payment capability, they would effectively become a bank overnight, and one with perhaps an even stronger differentiation than any other debit card on the market today.

Huffington Post

The Mahatma Gandhi National Rural Employment Guarantee Act, adopted in India in September 2005, guarantees 100 days of minimum wage employment – or equivalent unemployment payments – to poor rural households.

The Guardian

It is not yet clear what level companies will offer, but the current regime is equivalent to payments of nearly £80 a year for a typical solar installation.

The Guardian

If G4S manages to put him into a job that endures for two years, they will get the maximum payment from the government of about £14,000 (much higher than the equivalent £4,000 payment for a regular jobseeker); Pertemps will receive a cut of that payment.

The Guardian

To get the equivalent monthly payment, simply divide the amount financed by the length of the lease.

The New York Times

Provided that section 543 of former title 31 should not be construed to prohibit the acceptance of traveler's checks and other forms of money equivalent in payment of automobile license fees, etc. charged at national parks.

Cornell University

Roberts offered to return any donation that did not lead to an equivalent unexpected payment.

Wikipedia

Expert writing Tips

Best practice

When describing financial agreements, use "equivalent payments" to clearly indicate that the payments are equal in value or amount, ensuring transparency and avoiding ambiguity.

Common error

While similar, "equivalent payments" implies a more comprehensive assessment of value, whereas "equal payments" strictly refers to the amount. Use "equivalent" when factors beyond the face value are considered.

Linguistic Context

The phrase "equivalent payments" functions as a noun phrase, typically used as an object or complement in a sentence. It refers to payments that are equal in value or amount. As Ludwig AI confirms, this phrase is grammatically correct and usable.

Expression frequency: Rare

Frequent in

News & Media

50%

Science

50%

Formal & Business

0%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, the phrase "equivalent payments" is a grammatically sound and usable noun phrase, although not particularly common. Ludwig AI confirms its correct usage. It's most frequently encountered in News & Media and Scientific contexts to describe financial transactions where payments have the same value. When using this phrase, it's important to differentiate it from "equal payments", as "equivalent" encompasses broader considerations of value, not just amount. Alternatives like "comparable payments" can be used depending on the desired emphasis.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

equal payments

Focuses on the mathematical equality of the amounts paid.

comparable payments

Emphasizes the similarity in value or amount between payments.

matching payments

Highlights the correspondence between payments, often used in contexts of matching contributions.

corresponding payments

Indicates a direct relationship or correlation between payments.

commensurate payments

Implies that the payments are proportional or appropriate relative to something else.

payments of equal value

Rephrases the concept to emphasize the value aspect of the payments.

payments of similar amount

Focuses on the amount being similar, rather than necessarily identical.

payments in the same amount

Highlights the sameness of the payment amounts.

payments at par

Suggests payments that are at face value or the nominal amount.

parallel payments

Implies payments occurring simultaneously or in a coordinated manner.

FAQs

How can I use "equivalent payments" in a sentence?

You can use "equivalent payments" to describe financial obligations or agreements where the payments are of equal value, such as "The loan agreement stipulates that the borrower must make "equivalent payments" each month."

What is a good alternative to "equivalent payments"?

Depending on the context, you can use alternatives like "equal payments" or "comparable payments". The best choice depends on whether you want to emphasize the exact equality or the similarity in value.

Are "equivalent payments" and "equal payments" the same thing?

While the terms are similar, "equivalent payments" often implies a broader consideration of value, while "equal payments" focuses strictly on the amount. "Equivalent" suggests the payments are functionally the same, even if structured differently.

When should I use "equivalent payments" over another similar phrase?

Use "equivalent payments" when you want to emphasize that the payments are not just numerically the same, but also carry the same value or purchasing power, especially when dealing with varying currencies or adjusted values over time.