payment equivalent to

USAGE SUMMARY

The phrase "payment equivalent to" is correct and usable in written English.
It can be used when discussing a payment that matches or corresponds to a specific amount or value. Example: "The contract stipulates a payment equivalent to the total cost of the services rendered."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

28 human-written examples

Visteon Corporation has said most employees would receive a cash payment equivalent to 16 weeks' pay.

The Guardian - Business

The agreement offers a one-time payment equivalent to $152 million, the richest ever in British Columbia.

The New York Times

It included a £250,000 termination payment, equivalent to 12 months' salary, and a further six months' salary, £125,000, pay in lieu of notice.

The Guardian

If a police officer is killed on duty, the family gets a payment equivalent to $690 and continues getting the officer's salary indefinitely, Colonel Abdul-Rahman said.

The New York Times

The company said its offer meant most of the former employees would receive an immediate cash payment equivalent to 16 weeks of their previous pay.

The Guardian - Business

The surprise payment – equivalent to six months' salary – has taken the final pay cheque for the former HBOS chief executive to £2.4m.

The Guardian - Business

Human-verified similar examples from authoritative sources

Similar Expressions

32 human-written examples

But Brown appears to be making payments equivalent to 73% of his income.

The Guardian

By 2012 it was processing payments equivalent to 31% of GDP.

The Guardian

Part one offers "emergency payments" equivalent to six months' lost income to any legitimate claimant.

The New York Times

Under the program, the average homeowner has received payments equivalent to 3.75percentt of the loan's value.

The New York Times

Although a listed firm, it makes payments equivalent to a quarter of its pre-tax profits to related entities, mainly privately held by the Ambani family.

The Economist

Expert writing Tips

Best practice

When using the phrase "payment equivalent to", ensure that the basis for equivalence is clearly stated (e.g., "a payment equivalent to 16 weeks' pay"). This avoids ambiguity and ensures clarity for the reader.

Common error

Avoid using "payment equivalent to" when an exact match is intended. While "equivalent" implies similarity in value or effect, it does not necessarily mean 'exactly the same'. Use "payment of" or "payment equal to" for precise amounts.

Linguistic Context

The phrase "payment equivalent to" functions as a prepositional phrase modifying a noun (typically a monetary amount or type of compensation). Ludwig AI confirms its use in describing the value or amount of a payment relative to another standard. It adds specificity by defining the basis for the payment.

Expression frequency: Common

Frequent in

News & Media

60%

Science

20%

Academia

12%

Less common in

Encyclopedias

4%

Formal & Business

3%

Wiki

1%

Ludwig's WRAP-UP

In summary, the phrase "payment equivalent to" is a versatile and commonly used expression for describing a payment in relation to another value or standard. Ludwig AI confirms that this phrase is grammatically correct and usable in written English. It's most frequently found in News & Media, Scientific and Academic contexts, indicating its suitability for formal communication. When using the phrase, clarity is key: always specify what the payment is equivalent to in order to avoid ambiguity. While similar to "payment equal to", remember that "equivalent" allows for slight differences, whereas "equal" implies an exact match.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

payment equal to

Simplifies the phrase by using 'equal to' instead of 'equivalent to'.

payment of the same value as

Replaces 'equivalent to' with a more descriptive phrase emphasizing equal value.

payment matching

Uses the word 'matching' to indicate the payment is the same as another value.

payment comparable to

Emphasizes the similarity in value without necessarily being exactly the same.

payment pegged at

Indicates that the payment is fixed or tied to a specific value.

payment that is on par with

Uses the idiom 'on par with' to suggest equivalence.

payment that corresponds to

Highlights the correspondence between the payment and a specific value.

payment consistent with

Suggests the payment aligns with an expected or standard amount.

payment in the amount of

Focuses on the specific monetary value of the payment.

payment mirroring

Implies a direct reflection or duplication of a certain amount.

FAQs

How can I use "payment equivalent to" in a sentence?

Use "payment equivalent to" to describe a payment that has the same value or effect as something else. For example, "The severance package includes a "payment equivalent to" six months' salary".

What's a good alternative to "payment equivalent to"?

Alternatives include "payment equal to", "payment of the same value as", or "payment comparable to". The best choice depends on the specific context and the nuance you want to convey.

Is it better to say "payment equivalent to" or "payment equal to"?

Both phrases are generally acceptable. "Payment equal to" is slightly more direct and implies a precise match, while "payment equivalent to" suggests a similar value or effect, which might allow for slight differences.

What does "payment equivalent to" mean in financial terms?

In finance, "payment equivalent to" indicates that the payment provides the same benefit or has a value that is substantially the same as another specified amount or thing. It doesn't necessarily mean the payment is exactly the same, but serves the same purpose.