payment amount

USAGE SUMMARY

"payment amount" is a perfectly acceptable phrase that can be used in written English.
For example, "I sent the payment amount of $50 via PayPal last week."

✓ Grammatically correct

News & Media

Academia

Science

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

(b Determinations of payment amount - Basic rule.

Cornell University

Neither party would disclose the previous payment amount.

The New York Times - Tech

Your existing monthly payment amount will remain the same.

The Washington Post

A window confirming the payment amount will appear.

Massachusetts Institute of Technology

Each program determines provider eligibility, payment amount, and permissible settings for administration.

Vaccine

The down payment amount will also influence how much a buyer can afford.

The New York Times

The contract does not state the payment amount, which officials discussed orally, the parents say.

The New York Times

and 48percentt of American credit card holders only pay the minimum payment amount each month.

Cornell University

Your loan servicer can determine your monthly IBR or PAYE loan payment amount.

Cornell University

In the case of bundling, the minimum payment amount corresponds the total opportunity cost whatever the interactions between services.

Forest Policy and Economics

A script designed for this purpose by Cummings and Taylor was used in hypothetical referenda that differed in payment amount.

Journal of Environmental Economics and Management

Expert writing Tips

Best practice

When discussing financial transactions, be precise about the "payment amount" to avoid ambiguity. Always specify the currency and any applicable taxes or fees.

Common error

Don't assume that the "payment amount" is the total cost. The total cost may include interest, fees, or other charges not reflected in the individual payment.

Linguistic Context

The phrase "payment amount" functions primarily as a noun phrase that identifies a specific sum of money being paid. Ludwig provides numerous examples demonstrating its usage in diverse contexts. As Ludwig AI confirms, it's a well-formed and readily understandable phrase.

Expression frequency: Very common

Frequent in

News & Media

27%

Academia

22%

Science

22%

Less common in

Wiki

13%

Formal & Business

13%

Reference

0%

Ludwig's WRAP-UP

The phrase "payment amount" is a common and grammatically sound way to refer to the sum of money being paid in a transaction. As Ludwig AI confirms, it's a perfectly acceptable phrase. It's used across a wide range of contexts, from news and media to academia and science, indicating its versatility. While "payment amount" is often straightforward, it's important to ensure clarity by specifying currency and including details of any additional fees that may affect the total cost. By understanding the potential for confusion and using precise language, you can ensure that your communication is clear and effective.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

amount due

Specifies the outstanding balance or the amount that is currently owed.

fee amount

Refers specifically to the sum charged for a particular service.

sum payable

Indicates the total amount of money that must be paid.

installment sum

Refers to a portion of a larger payment, paid at regular intervals.

total remittance

Describes the full amount sent as a payment.

settlement figure

The final amount agreed upon to resolve a dispute or debt.

compensation sum

Refers to the monetary amount given as recompense for loss or injury.

reimbursement total

The total amount refunded or repaid to someone.

disbursement amount

The amount of money paid out.

monetary commitment

Refers to a financial obligation to pay a certain sum.

FAQs

How do I determine the correct "payment amount" for my bill?

The correct "payment amount" is usually stated on your bill or invoice. If you're unsure, contact the biller to confirm the exact amount due.

What happens if I pay less than the required "payment amount"?

Paying less than the required amount might result in late fees, interest charges, or even service disruption. It's crucial to pay the full "amount due" on time.

Is the "payment amount" the same as the outstanding balance?

The "payment amount" usually refers to the amount due for a specific period, while the "outstanding balance" represents the total amount you owe.

What are some alternatives to using the phrase "payment amount"?

Depending on the context, you could use terms like "fee amount", "amount due", or "total remittance". The best choice depends on the specific situation.