payment schedule

USAGE SUMMARY

"payment schedule" is a correct and usable phrase in written English.
It is used to refer to an agreement outlining the due dates and amounts of payments to be made for something such as bills, rent, a loan, etc. Example Sentence: We agreed on a payment schedule of the first installment due in one month and subsequent installments due every two months thereafter.

✓ Grammatically correct

News & Media

Science

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The payment schedule is very important.

The Guardian - Sport

You need to set up a payment schedule.

The New York Times

They could put themselves on a multiyear monthly payment schedule".

The New York Times

"There's no interest and no payment schedule — it's a local grant".

The New Yorker

"I'll put him on a payment schedule for that stuff," she says.

The New Yorker

The $9,600 shown on Line 15b represents the second year in that payment schedule.

The New York Times

The agency then tweaks prices relative to one another, updating its payment schedule once a year.

The New York Times

And yesterday, Verizon proposed a new payment schedule, further complicating the negotiations, one person said.

The New York Times

It was not clear last night what payment schedule was set.

The New York Times

The payment schedule is crucial, in the original and amended agreement.

The New York Times

The first set of potential problems in the Senate's plan comes from its payment schedule.

The New York Times

Expert writing Tips

Best practice

When drafting contracts, clearly outline the "payment schedule", including specific dates, amounts, and methods of payment to avoid future disputes.

Common error

Avoid ambiguous language when defining the "payment schedule". Instead of saying 'payments will be made periodically', specify the exact intervals such as 'payments will be made monthly on the 15th of each month'.

Linguistic Context

The phrase "payment schedule" functions primarily as a noun phrase that identifies and names a specific arrangement for making payments over time. As Ludwig AI confirms, this arrangement is a common topic across diverse fields.

Expression frequency: Very common

Frequent in

News & Media

35%

Formal & Business

25%

Wiki

15%

Less common in

Science

10%

Academia

8%

Encyclopedias

7%

Ludwig's WRAP-UP

The phrase "payment schedule" is a common and grammatically correct noun phrase referring to an agreed-upon plan for making payments. Ludwig AI confirms its usability across diverse contexts. It is most frequently encountered in news, business, and financial settings, where it serves to define and clarify payment terms. Related phrases include "installment plan" and "repayment plan". When using the phrase, it's crucial to be specific about dates, amounts, and methods of payment to avoid ambiguity. As evidenced by the numerous examples provided by Ludwig, this term is essential for clear communication in financial and contractual agreements.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

installment plan

Refers to a specific type of payment schedule, often used for larger purchases.

repayment plan

Specifically refers to a plan for paying back a debt.

amortization schedule

A table detailing each periodic payment on an amortizing loan.

billing cycle

Refers to the recurring period between billings, implying a payment schedule.

deferred payment arrangement

Indicates a payment schedule where payments are delayed.

structured payment agreement

Emphasizes the formal agreement aspect of the payment arrangement.

credit terms

The agreed upon payment schedule.

financial obligation timeline

Highlights the temporal aspect of the payment obligations.

debt management plan

Broader term encompassing strategies for managing and repaying debt, including payment schedules.

agreed-upon payment terms

Focuses on the mutual agreement regarding payment conditions.

FAQs

How do I ask for a "payment schedule"?

You can ask by saying something like: "Could you please provide a detailed "payment schedule"?" or "What are the available "payment options" and their corresponding "payment schedule"?"

What information should be included in a "payment schedule"?

A comprehensive "payment schedule" should include the payment frequency (e.g., monthly, quarterly), the due date of each payment, the amount due for each payment, and the method of payment accepted.

What happens if I can't adhere to the agreed "payment schedule"?

Contact the creditor immediately to discuss potential alternatives. They may be willing to negotiate a revised "repayment plan" or offer temporary assistance.

Is a "payment schedule" legally binding?

If the "payment schedule" is part of a signed contract or agreement, it is generally legally binding. Failure to adhere to the "agreed-upon payment terms" can result in legal consequences.