final payment amount

USAGE SUMMARY

The phrase "final payment amount" is correct and usable in written English. You can use it when referring to the last sum of money that needs to be paid in a transaction or agreement. For example, "The final payment amount is due by the end of the month." Alternative expressions include "total payment due" and "last payment sum."

✓ Grammatically correct

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Plus the deposit you pay and the final payment amount on a new car can depend on your negotiation skills.

Independent

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

This final payment will make the total amount paid to researchers approximately $200K (or approximately $29 per report).

TechCrunch

One of the problems with hospitals and health care is that they will bill you a certain amount for their services, but then end of up accepting much less than the bill amount as their final payment.

Vice

The company acknowledged Tuesday night that it had cut the original amount by $20 million, but did not confirm that the final payment would be $100 million.

The New York Times

It is not known why he should have carried such a large amount of money, but it could have been a final payment from the school.

Wikipedia

He moved into the second phase of final payment, where people who do not want to pursue lawsuits will be able to settle for an agreed amount of past and future losses from the spill.

The New York Times

That amount, he has argued, would far surpass the huge reparations bill foisted upon Germany by the victorious powers after World War I, the final payment of which Germany made in 2010.

The New York Times

A final payment is made after the job is completed.

The New York Times

I actually cried when I made that final payment.

The New York Times

The Browns made their final payment on the camper earlier this year.

The New York Times - Sports

The final payment will not be made until 2048.

The Guardian

Expert writing Tips

Best practice

When discussing contracts or financial agreements, clearly state the "final payment amount" to avoid any ambiguity regarding the total obligation. This ensures transparency and reduces potential disputes.

Common error

Don't assume the "final payment amount" is the same as a regular installment. Always verify if it includes additional fees, interest, or adjustments to accurately reflect the total due.

Linguistic Context

The phrase "final payment amount" functions as a noun phrase, typically acting as the object of a verb or the subject of a clause. It identifies the specific sum of money required for the last payment in a transaction. Ludwig AI provides examples of its usage in various contexts.

Expression frequency: Uncommon

Frequent in

News & Media

33%

Wiki

33%

Science

6%

Less common in

Formal & Business

6%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "final payment amount" is a grammatically correct and relatively common phrase used to denote the last payment due in a transaction. Ludwig AI confirms its accuracy and usability. Its usage spans various contexts, including news, finance, and general agreements, as shown by Ludwig AI, indicating its versatility. To ensure clarity in contracts or financial discussions, use precise language and avoid assuming it's the same as regular installments. Related phrases include "final payment sum" and "total final payment", providing alternative ways to express the same concept.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

final payment sum

Replaces "amount" with "sum", emphasizing the total of the final payment.

final amount due

Focuses on the obligation to pay, using "due" to indicate what is owed.

total final payment

Highlights the completeness of the payment, emphasizing that it covers all outstanding dues.

terminal payment amount

Uses "terminal" to signify the end or conclusion of the payment series.

outstanding final payment

Emphasizes that the payment is the last one and is currently unpaid or pending.

ultimate payment amount

Implies that this is the last and definitive payment to be made.

settlement amount

Suggests the amount agreed upon to resolve a debt or claim.

final balance

Refers to the remaining amount after all previous transactions.

payoff amount

Specifically used in the context of loans or debts being completely satisfied.

final remittance

A more formal term for the final payment, often used in business contexts.

FAQs

What does "final payment amount" mean in a contract?

In a contract, the "final payment amount" refers to the last payment required to fulfill the terms of the agreement. It includes all outstanding balances, fees, and interest as specified in the contract.

How is the "final payment amount" different from a regular payment?

The "final payment amount" is typically the last payment in a series and may differ from regular payments due to adjustments for interest, fees, or other charges. It represents the total remaining balance to fully satisfy the obligation. It can also be named as "final settlement amount".

What should I do if the "final payment amount" is higher than expected?

If the "final payment amount" is unexpectedly high, review your contract or agreement to understand any additional charges. Contact the creditor or service provider to clarify any discrepancies and request a detailed breakdown of the amount due.

Are there alternatives to saying "final payment amount"?

Yes, you can use phrases like "final payment sum", "total final payment", or "final amount due" depending on the context. These alternatives convey a similar meaning while varying in formality and emphasis.