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The phrase "payment against" is correct and can be used in written English.
It is typically used to indicate the exchange of money for a specific purpose or reason. Example: We will issue a payment against your outstanding invoice of $500.
Exact(27)
But your payment is fixed, so the payment against principal is going up.
They trade off the cost of delaying a payment against the cost of borrowing liquidity from the central bank.
The claimed debts include a $13,769.99 court-ordered damages payment against the company.
Painful limits to carbon in the present serve as a sort of insurance payment against extreme and devastating outcomes.
Borrowers with interest-only mortgages may eventually be saddled with an additional payment against the principal amount of the loan.
"When you make a payment against principal on an interest-only loan, your monthly payment usually will be reduced the very next month," he said.
Similar(33)
Energetic diplomacy does not merely satisfy some adolescent egomania or yen for macho posturing: it is a down-payment against a time when a country needs to form alliances and sway opinion in its own interests.
He has been making payments against the cost.
Apple's tax bill will fall, as it offsets the interest payments against its profits.
This would allow bosses to offset the costs of dividend payments against their tax bill.
The savings rate weighs current income from wages, salaries, businesses and government payments against spending.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com