residual payment

USAGE SUMMARY

The phrase "residual payment" is correct and usable in written English.
It can be used in financial contexts, particularly when referring to payments that are made after the initial payment or as a final settlement. Example: "After all the initial costs were covered, the residual payment was issued to the contractor for the remaining balance."

✓ Grammatically correct

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

7 human-written examples

The writers now want a residual payment of 2.5% for re-use of material online and on mobile phones.In this section Word of mouse What, no phone?

The Economist

Will the directors, who in 2008 accepted a relatively small residual payment for use of their work in new media, lead the way in demanding more this time around?

The New York Times

The writers are determined not to repeat the mistake they made in 1985, when they listened to the studios' plea that home video was an unproven new market and agreed to a residual payment of 0.3%, which translates into about four cents for each sale of a DVD or one-tenth of what DVD-box manufacturers get.

The Economist

The show is so good in fact, that I started to feel guilty: I know that Renwick isn't going to receive a single penny of residual payment from my YouTube viewing.

TechCrunch

In addition, management has proposed restructuring the current residual payment format to do away with paying fixed rates for programs that have little rerun value.

Los Angeles Times

Koenig later commented that he was paid eight times as much for this and the residual payment as he had been for the original episode.

Wikipedia

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

It provides no increase in an important area for the guild, residual payments for DVD's.

The New York Times

For example, he cited the residual payments he received for working in a recent General Motors commercial.

The New York Times

And to top it off, reruns don't attract very many viewers anymore, limiting residual payments.

The New York Times

Having done most of his work in cable, residual payments have never played a meaningful economic role in his career.

The New York Times

The industry agreed to continue to give actors residual payments when their ads run on network TV.

The New York Times

Expert writing Tips

Best practice

Use "residual payment" when you want to emphasize that the compensation is linked to the continued use or exploitation of a work or service over time.

Common error

Don't use "residual payment" interchangeably with royalties. While both involve ongoing compensation, "residual payment" often refers to payments in the entertainment industry for reuse of material, whereas royalties are broader and cover various intellectual property uses.

Linguistic Context

The phrase "residual payment" functions as a noun phrase, specifically a compound noun. It identifies a type of payment related to the continued use of creative work. As noted by Ludwig, the term is considered correct and usable in written English.

Expression frequency: Uncommon

Frequent in

News & Media

75%

Wiki

15%

Formal & Business

10%

Less common in

Science

0%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "residual payment" refers to compensation paid for the reuse of creative work, most commonly in the entertainment industry. As Ludwig AI confirms, it is grammatically correct and usable. While less frequent than other payment terms, it holds significant importance in contract negotiations, particularly concerning new media distribution as exemplified by agreements between writers, actors, and studios. Key takeaway: understand context, conditions, and industry relevance to ensure accurate usage.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Royalty payment

Refers to payment made to a rights holder for the use of their intellectual property; applies to various industries like music or publishing.

Subsequent compensation

Highlights the aspect of payment coming after an initial event or period; broader application beyond entertainment.

Trailing commission

Specifically used in sales or investment contexts, denoting payment received over time based on initial sales.

Continuing income

Focuses on the ongoing nature of the payment, applicable to any source of recurring revenue.

Deferred payment

Implies that the payment is delayed until a later date or after a specific event, differing in timing.

Additional compensation

General term for extra payment beyond the base amount; less specific to ongoing income.

Follow-up payment

Indicates a payment that is made after an initial transaction or service, emphasizing sequence.

Secondary income

Implies income earned from a source other than the primary job; differs as it relates to a second revenue stream.

Subsequent disbursement

Emphasizes the act of distributing money after an initial allocation, applicable in financial management contexts.

Overtime compensation

Payment for work performed beyond regular hours. Differs in that it is specific to the hours worked over the contractual agreement.

FAQs

How is a "residual payment" calculated?

The calculation of a "residual payment" depends on the specific agreement, but it usually involves a percentage of revenue generated from the reuse of a work (like a film or TV show) on various platforms such as streaming, DVD sales, or reruns. Specifics are outlined in union or guild contracts.

What's the difference between a "residual payment" and a royalty?

While both are forms of ongoing compensation, a "residual payment" typically refers to payments made for the reuse of content in the entertainment industry (film, TV), whereas royalties are broader and apply to various intellectual property uses, such as books, music, or patents.

Who is typically entitled to receive a "residual payment"?

In the entertainment industry, actors, writers, directors, and other contributors may be entitled to "residual payments" based on agreements with unions or guilds like SAG-AFTRA or the Writers Guild of America. The specifics depend on their contracts and the type of reuse.

What factors can affect the amount of a "residual payment"?

Several factors can influence the amount of a "residual payment", including the type of platform (streaming, DVD, TV), the success of the show or film, the terms negotiated in union contracts, and the individual's role in the production. Contract negotiations often focus on increasing "residual payments", especially for new media.