payment cleared

USAGE SUMMARY

The phrase 'payment cleared' is correct and can be used in written English.
It is used to indicate that a payment has been completed or processed. For example, 'The payment cleared and the invoice has been settled.'.

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

Instead of connecting a Square account to a bank account, and then waiting a few days while the ACH payment cleared to have access to the money, the Square user could swipe a card, like a debit card or prepaid card, and have the money from their Square account immediately transferred and made available for use.

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

Their account then stays overdrawn by that amount for a month until their next salary payment clears the debt.

The Guardian - Money

Require payment (with a refundable security deposit) well in advance to make sure the payment clears.

Forbes

Blockchains are decentralized and permissionless, which can lead to major disruptions in the financial sector, especially in payment clearing.

Financial Innovation

This is where banks use blockchain technology to improve their payment clearing systems and overcome certain obstacles in information communication, while also forming consortiums, thereby consolidating their position.

Financial Innovation

There also is the issue of cross-border payments, which is acknowledged as one of the harshest points of friction for international commerce, where the European Commission has launched a pan-European payment clearing and settlement project.

TechCrunch

That would work by allowing sellers, on Craigslist for example, to use the Swapbox locations to exchange goods, with a seller controlling access for a buyer based on when payment clears.

TechCrunch

Five hundred and fourteen dollars' worth of payments cleared, and another seven hundred and forty-seven bounced.

The New Yorker

In a statement, Standard Chartered said: "We are aware that two payments cleared by Standard Chartered are mentioned in the indictment.

Independent

As the number of prospective business-school candidates shot up to more than 750,000 a year and tuition payments cleared $100,000, Harvard, Stanford, the University of Chicago and other schools hired star faculty members, built gleaming buildings, established themselves as global brands and brought in tens (and sometimes hundreds) of millions in profits to their universities each year.

The New York Times - Magazine

He wanted an international balance-of-payments clearing mechanism based, not on the dollar, but a new currency called bancor.

The Economist

Expert writing Tips

Best practice

In financial reports, use "payment cleared" to denote the successful completion of a financial transaction within a specific timeframe.

Common error

Avoid using "payment cleared" when the transaction is still being processed. "Payment pending" is the correct term when the payment is awaiting final confirmation.

Linguistic Context

The phrase "payment cleared" functions as a concise way to indicate the successful completion of a financial transaction. Ludwig AI confirms this usage across various contexts.

Expression frequency: Very common

Frequent in

News & Media

30%

Science

30%

Wiki

15%

Less common in

Formal & Business

10%

Encyclopedias

5%

Reference

5%

Ludwig's WRAP-UP

In summary, the phrase "payment cleared" is a grammatically correct and widely used expression to indicate that a financial transaction has been successfully processed. Ludwig AI confirms its usage in various contexts including News & Media, Science, and Wiki. It is considered appropriate for formal and informal communication, offering a clear and concise way to communicate the completion of a payment. When using this phrase, ensure that the payment is indeed fully processed to avoid confusion with "payment pending".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment was processed

Focuses on the action of processing the payment, rather than the outcome.

payment was successful

Emphasizes the positive result of the payment attempt.

payment went through

Informal way of saying the payment was processed without issues.

payment was received

Highlights the recipient's perspective, confirming they received the funds.

debt was settled

Focuses on the clearing of a debt obligation.

account was settled

Focuses on settlement of an account.

balance was paid

Focuses on paying off the full balance

funds were transferred

Emphasizes the movement of funds from one account to another.

transaction was completed

Broader term encompassing the entire transaction process.

obligation was fulfilled

Focuses on the fulfillment of a financial obligation.

FAQs

How can I use "payment cleared" in a sentence?

You can use "payment cleared" to indicate that a payment has been successfully processed and the funds are available. For example, "The "payment cleared" this morning, so we can ship the order now."

What's the difference between "payment cleared" and "payment pending"?

"Payment cleared" means the transaction is complete and the funds are available. "Payment pending" means the transaction is still being processed and hasn't been finalized.

What can I say instead of "payment cleared"?

You can use alternatives like "payment was processed", "payment was successful", or "payment went through depending on the context.

Is it appropriate to use "payment cleared" in formal writing?

Yes, "payment cleared" is appropriate for formal writing, especially in financial reports, business correspondence, and legal documents. It clearly communicates that a financial transaction has been successfully completed.