settle payment

USAGE SUMMARY

“settle payment” is a correct and usable phrase in written English.
You can use it when you want to talk about paying in full for a service or good. For example: “I will settle payment for the new car by the end of the week.”.

✓ Grammatically correct

News & Media

Encyclopedias

Science

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Jack Caffey, the federation president, said there was ample time to settle payment questions.

The New York Times

1970 The Clearing House Interbank Payments System, or Chips, is established to transmit and settle payment orders in American dollars for some of the largest and most active banks in the world.

The New York Times

Several years ago, the I.R.S. emptied Mr. V.'s bank account to settle payment of a return it constructed based on his W-2 form after he failed to file a return.

The New York Times

You want to buy the album, and what if you could just click one button (like "Apply Facebook Credit") and let Facebook or Twitter drive the transaction and settle payment through services like Sell Simply or Gumroad while you draw from another site's inventory?

TechCrunch

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

SWIFT does not initiate transfers, hold customers' money, or clear or settle payments.

The Economist

The NCBs in the Eurosystem settle payments between one another through their "Target2" accounts.

The Economist

Target2 accounts are used to settle payments between the national central banks in the Eurosystem.

The Economist

The union represented an attempt to settle payments between member states, many of whom did not have convertible currencies.

Encyclopedia Britannica

A confiscation hearing to settle payments the singer owes to the DWP will be heard in June.

The Guardian - Music

It said the $1.8 billion loan would mostly be used to settle payments due to local contractors and suppliers.

The New York Times

This suggests that if banks or credit card companies refused to settle payments for some transactions with these banks, they could deliver a blow to the spam economy.

The New York Times

Expert writing Tips

Best practice

When using "settle payment" in formal communication, ensure that the context clearly indicates what payment is being settled and any specific terms or conditions.

Common error

Avoid using "settle payment" when referring to a future payment. Instead, use "will settle payment" or "plan to settle payment" to indicate the intended action.

Linguistic Context

Settle payment functions as a verb phrase that describes the action of completing or resolving a financial transaction. Ludwig AI confirms its validity, supported by examples showing its use in different contexts.

Expression frequency: Rare

Frequent in

News & Media

60%

Encyclopedias

20%

Science

20%

Less common in

Formal & Business

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "settle payment" is used to describe the completion of a financial transaction. Ludwig AI confirms that it's grammatically sound, though it appears less frequently than other similar phrases. It typically occurs in neutral contexts, like news and media, encyclopedias and science, and it is best employed when you need to clearly and directly state that a payment has been finalized. Related phrases such as "clear the payment" or "complete the payment" can be used as alternatives, depending on the specific nuance you want to convey.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Complete the payment

Focuses on the action of making a full payment.

Clear the payment

Focuses on the action of finalizing the payment, often used in financial contexts.

Honor the financial obligation

A more formal way to state the fulfillment of a payment requirement.

Discharge the debt

Emphasizes the act of eliminating a debt through payment.

Satisfy the debt

Highlights the act of fully paying off a debt.

Liquidate the balance

Emphasizes the conversion of assets into cash to cover the payment.

Finalize the transaction

Highlights the completion of a business transaction, including payment.

Resolve the invoice

Highlights addressing an outstanding invoice by paying the balance.

Arrange payment

Focuses on the act of organizing or scheduling a payment.

Make the payment

A more general way to express the act of paying.

FAQs

How can I use "settle payment" in a sentence?

You can use "settle payment" to describe the act of completing a financial transaction, for example: "The company agreed to "settle payment" for the services rendered."

What does it mean to "settle payment"?

To "settle payment" means to finalize a transaction by paying the full amount owed. It indicates that the payment has been completed and the financial obligation has been satisfied.

What are some alternatives to "settle payment"?

Alternatives to "settle payment" include "clear the payment", "complete the payment", or "make the payment". These options provide similar meanings with slight variations in emphasis.

Is it correct to say "settle the payment" instead of "settle payment"?

While "settle payment" is acceptable, "settle the payment" might be more grammatically precise in certain contexts, particularly when referring to a specific, previously mentioned payment.