final payment on completion

USAGE SUMMARY

The phrase "final payment on completion" is correct and usable in written English.
It can be used in contexts related to contracts, agreements, or transactions where a payment is made after the successful completion of a service or project. Example: "The contractor will receive the final payment on completion of the renovation work."

✓ Grammatically correct

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

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

The New York Times - Sports

REICH FULFILLING PLEDGE Has Made Final Payment on 1,000,000,000 Gold Marks Instalment on Reparations.

The New York Times

The final payment on the $20 million effort will be made in January.

The New York Times

To make a final payment on either your Discover consumer or business credit card, mail the check, along with a payment coupon, to Discover Financial Services, P.O.

WikiHow

The notification will also remind beneficiaries receiving advance payment of the obligation to submit the request for final payment upon completion of the construction.

Cornell University

As is usual with home improvements, Mr. Miller had been receiving partial payments along the way, with a final payment of $7,314 due on completion, plus $1,899 for work added to the project after it had begun.

The New York Times

If successful, Foundation of Hearts would make a £2m payment on completion of a going concern sale of the business and assets of the club.

BBC

Subjects received payment on completion of both sessions.

Cerebral Cortex

Note that final payment of fee is dependent on the completion of deliverables as well as hand over notes Some outputs may not be achievable due to external issues out of UNICEF's and the consultant's control.

Unicef

He said they made a final payment of $9,524 on Thursday.

The New York Times

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

Independent

Expert writing Tips

Best practice

Clearly define what constitutes "completion" in your contracts to avoid disputes about when the final payment is due. Specify objective, measurable criteria whenever possible.

Common error

Avoid vague descriptions of "completion." Instead of saying "the project is complete when it looks good," define specific deliverables and acceptance criteria to ensure both parties agree on when the final payment is triggered.

Linguistic Context

The phrase "final payment on completion" functions as a noun phrase that specifies the terms of a financial transaction, indicating when the last installment is to be paid. While Ludwig shows limited examples, the structure clearly defines a condition for payment.

Expression frequency: Missing

Frequent in

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Formal & Business

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Less common in

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Ludwig's WRAP-UP

The phrase "final payment on completion" clearly defines when the last payment for a service or project is due. While Ludwig shows limited examples, it is grammatically correct and suitable for various contexts, though defining "completion" precisely is crucial to prevent disputes. Related phrases such as "final payment upon completion" or "completion payment" can also be used. The Ludwig AI's assessment confirms its usability, emphasizing the importance of clarity in contractual agreements.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

final payment upon completion

Replaces "on" with "upon", creating a slightly more formal tone, but retains the same meaning.

final payment after completion

Substitutes "on" with "after", emphasizing the temporal sequence of completion preceding payment.

balance due on completion

Specifies that it is a balance being paid on completion.

final payment when completed

Uses a subordinate clause to specify the condition for payment, focusing on the state of being completed.

completion payment

Shortens the phrase, acting as a label for the payment type.

final installment upon completion

Uses "installment" instead of "payment", implying that there were previous payments.

payment upon fulfillment

Replaces "completion" with "fulfillment", highlighting the satisfaction of requirements.

full payment on project completion

Adds "project" to clarify the type of completion, implies that payment covers the full project and not only a portion of it.

the remainder due on project completion

Adds "the remainder" to clarify what is being paid at the end, which is the remaining balance.

final settlement upon completion

Final settlement is a synonym for final payment with a slightly more formal tone.

FAQs

What does "final payment on completion" mean?

It means the last payment is made once the project or service is finished and meets the agreed-upon standards.

What are some alternatives to "final payment on completion"?

You can use alternatives like "final payment upon completion", "completion payment", or "final payment after completion", depending on the context.

How can I ensure clarity when using "final payment on completion" in a contract?

Define "completion" precisely. Include specific deliverables, acceptance criteria, and a process for verifying completion to avoid misunderstandings and disputes.

Is "final payment on completion" a formal or informal phrase?

It is suitable for both formal and informal contexts, but in highly formal settings, using "final payment upon completion" might be preferred.