payment terms

USAGE SUMMARY

The phrase "payment terms" is correct and usable in written English.
You can use it when discussing the conditions under which payments are to be made in a business transaction or contract. Example: "Before we finalize the contract, let's review the payment terms to ensure both parties are in agreement."

✓ Grammatically correct

Business agreements

Financial transactions

Contract negotiations

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

What are the payment terms and financing?

The New York Times

"Carlsberg is adopting new payment terms.

The Guardian - Business

"Your current payment terms with us do not match the new payment terms.

The Guardian - Business

4. Payment terms: When will you be invoiced and what payment terms do they offer?

The Guardian

Agree the payment terms before you accept the order.

The Guardian

Payment terms are complicated and require special handling.

Stanford University

"The threat depends on the final settlement and payment terms of the tax liability," he said.

The New York Times

The securities laws allow bondholders to vote on their protections but not on their payment terms.

The New York Times

Selling P.S.L.'s in the current economic downturn will not be simple, whatever the payment terms.

The New York Times - Sports

Please note that the copyright and payment terms are different for Commissioned Contributions.

The Guardian

But Elemica is focused on other efficiencies -- payment terms, future demand, availability".

The New York Times

Expert writing Tips

Best practice

When negotiating "payment terms", consider your cash flow needs and industry standards. Offering more flexible terms may attract more clients, but ensure they align with your financial capabilities.

Common error

Avoid using overly broad or ambiguous language when outlining "payment terms". Clearly specify all relevant details, such as accepted payment methods, due dates, and any applicable late fees or interest charges.

Linguistic Context

The phrase "payment terms" functions as a noun phrase that identifies and specifies the conditions under which a payment is to be made. It is often used in legal and business contexts to clearly define the responsibilities of each party involved. As Ludwig AI confirms, the phrase is grammatically correct and widely used.

Expression frequency: Very common

Frequent in

News & Media

37%

Wiki

25%

Formal & Business

13%

Less common in

Academia

6%

Science & Research

19%

Ludwig's WRAP-UP

In summary, the phrase "payment terms" is a grammatically sound and highly prevalent noun phrase, predominantly used in business and legal contexts to define the conditions of payment. Ludwig AI confirms its correctness and usability. It's crucial to define "payment terms" with precision to avoid ambiguity and ensure mutual understanding. Common contexts include business agreements, invoices, and financial negotiations. Alternatives such as "conditions of payment" or "terms of payment" offer similar meanings. Understanding and clearly articulating "payment terms" is essential for effective communication and preventing disputes in financial transactions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

terms of payment

This phrase reorders the words while retaining the core meaning; it's a common and nearly identical alternative.

conditions of payment

This alternative directly replaces "terms" with "conditions", maintaining a similar level of formality but with a slightly different emphasis.

remittance terms

Synonymous, "remittance" is a word to define a sum of money wired or transfered.

payment schedule

Similar to billing schedule, focusing on the dates and amounts of individual payments.

method of payment

This focuses specifically on how the payment is made (e.g., credit card, cash), rather than the broader terms.

payout conditions

This term highlights the rules and stipulations that govern how payouts or disbursements are made.

billing schedule

This alternative emphasizes the timing and frequency of payments, suitable when the focus is on when payments are due.

credit arrangement

This is relevant when payments involve credit or financing; highlights the agreement about borrowing and repayment.

financial agreement

A broader term encompassing all aspects of the financial transaction, not just the payment details.

settlement agreement

This focuses on the final resolution of a financial obligation, often used in legal or formal contexts.

FAQs

How to use "payment terms" in a sentence?

You can use "payment terms" to describe the conditions under which a payment is made, such as, "The "payment terms" include a 30-day net period and acceptance of major credit cards".

What are some alternatives to "payment terms"?

Some alternatives include "conditions of payment", "terms of payment", or "remittance terms" depending on the context.

What should be included in "payment terms"?

Typically, "payment terms" should include the due date, accepted payment methods, any discounts for early payment, and penalties for late payment.

Why is it important to clearly define "payment terms"?

Clearly defined "payment terms" help prevent misunderstandings and disputes between parties, ensuring both sides are aware of their obligations and rights.