prompt payment

USAGE SUMMARY

The phrase 'prompt payment' is correct and usable in written English.
You can use it when you want to talk about paying something in a timely manner. Example: I expect prompt payment for the services I provided.

✓ Grammatically correct

News & Media

Formal & Business

Science

Encyclopedias

Wiki

Human-verified examples from authoritative sources

Exact Expressions

50 human-written examples

I appreciate your prompt payment.

The New York Times

Credit terms are usually expressed with a discount for prompt payment.

Encyclopedia Britannica

The government recently created a Prompt Payment Code, designed to encourage larger businesses to speed up payment times.

The Guardian

But smaller vendors, pinched by a sluggish economy and relying on prompt payment, have been less patient.

The New York Times

Nur Muhammad, a comptroller, asserted that as a 30-year employee of the ministry he deserved prompt payment.

The New York Times

Many large UK firms have signed up to the prompt payment code (PPC), brought in by the government in 2008.

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

10 human-written examples

The International Swaps and Derivatives Association said on Thursday that based on current evidence the Greek bailout would not prompt payments on the credit-default swaps linked to the country's bonds.

The New York Times

PMI, which shares the credit risk in many Fannie and Freddie loans, will pay some underwater homeowners, those who owe more than their home is worth, if they make prompt payments for several years, a de facto principal reduction.

The New York Times

Officials Rule No Payout on Greek Swaps  |  The International Swaps and Derivatives Association said on Thursday that based on current evidence the Greek bailout would not prompt payments on the credit-default swaps.

The New York Times

Under the terms of this "agency agreement," the suspects were to push for a higher price for the scanners and use their political access to "expedite prompt payments," according to a copy of this contract submitted to the court.

The New York Times

"To turn a blind eye, to allow clubs to continually fail to make prompt payments as they fall due, would be to allow those clubs to gain an unfair sporting advantage over all those other clubs that pay their players, the taxman and other clubs on time.

BBC

Expert writing Tips

Best practice

When requesting "prompt payment", clearly specify the acceptable time frame (e.g. within 10 days) and any associated incentives, such as discounts.

Common error

Do not assume "prompt payment" clauses automatically override standard payment terms. Always consult legal counsel to ensure contracts are enforceable and comply with relevant prompt payment laws.

Linguistic Context

The phrase "prompt payment" functions primarily as a noun phrase, often used as the object of a verb or the subject of a sentence. It refers to the act or expectation of paying quickly and on time. As per Ludwig, it is perfectly correct and usable in written English.

Expression frequency: Very common

Frequent in

News & Media

38%

Formal & Business

23%

Science

16%

Less common in

Encyclopedias

8%

Wiki

6%

Reference

0%

Ludwig's WRAP-UP

The phrase "prompt payment" is a common and grammatically sound term used to emphasize the importance of paying debts or invoices in a timely manner. Ludwig AI validates this, confirming its correct usage in written English. Appearing frequently in News & Media and Formal & Business contexts, it signals the expectation of quick settlements. Offering discounts or incentives for "prompt payment" is a best practice to improve cash flow, while carefully reviewing legal implications is crucial to avoid misunderstandings. Alternatives include ""immediate payment"" and "timely payment", offering nuanced ways to convey similar meanings. It's essential to recognize that this phrase commonly points out an incentive that is related to the payment.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

immediate payment

Emphasizes the speed of the payment, suggesting it is made without delay.

timely payment

Highlights the adherence to a specific deadline or schedule for payment.

expedited payment

Implies a faster processing of the payment than usual.

on-time payment

Focuses on meeting the payment deadline.

swift payment

Stresses the quickness and efficiency of the payment process.

rapid payment

Similar to swift payment, but may imply an even faster transaction.

early settlement

Refers to paying a debt or invoice before the due date.

fast payment

A more general term emphasizing the speed of the payment.

quick payment

Similar to fast payment, but perhaps slightly less formal.

payment without delay

Explicitly states the absence of any postponement in the payment.

FAQs

How to use "prompt payment" in a sentence?

You can use "prompt payment" to emphasize the importance of paying quickly. For example, "We offer a discount for "immediate payment"" or "Timely payment is crucial for maintaining good business relations".

What are the benefits of "prompt payment"?

Offering incentives for "prompt payment" can improve cash flow, reduce outstanding receivables, and strengthen relationships with suppliers and clients. It can also minimize the risk of late payment penalties or legal action.

What can I say instead of "prompt payment"?

You can use alternatives like ""immediate payment"", "timely payment", or "expedited payment" depending on the context. Each term subtly emphasizes a different aspect of quick or on-time payment.

What is a "prompt payment" law?

"Prompt payment" laws are regulations designed to ensure businesses and government entities pay their suppliers and contractors within a specified timeframe. These laws often include penalties for late payments, such as interest charges or fines.