settle payment for

USAGE SUMMARY

'settle payment for' is correct and usable in written English.
You can use it when referring to an arrangement to make payment to an individual or business, or come to an agreement on the payment of something. For example: We have reached an agreement on the purchase price of the house, and now I need to settle payment for the remaining balance.

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

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

In late 2010, in what appeared to be a response to American pressure, the Reserve Bank of India said Indian banks could no longer use a regional clearinghouse to settle payments for Iranian oil imports.

The New York Times

HONG KONG — Banks in China and Hong Kong began wiring Chinese renminbi directly to one another on Monday to settle payments for imports and exports, as China took another step toward establishing the renminbi as a global currency — and, eventually, an international alternative to the dollar.

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

The details as to how FiSync does this are complicated, but the short of it is that Dwolla built an alternative infrastructure for moving and settling payments that bypasses ACH altogether.

TechCrunch

With his promotion, Leeson enjoyed an unusual degree of independence; he was in the exceptional position of being both chief trader and the employee responsible for settling (ensuring payment for) all his trades, a situation that allowed him to engage in rogue (unauthorized) trades that went undetected.

Encyclopedia Britannica

If an In-App Product is purchased using a credit card or bank account deduction mechanism, final payment will be deemed to have occurred when the applicable credit card company or bank has fully settled the payment for the applicable purchase.

TechCrunch

In practice, vendors allow a fixed period to settle the payment without penalty for their customers to increase sales and reduce on-hand inventory.

Journal of Industrial Engineering International

Two higher-court rulings this year cast doubt on whether the Brooklyn plaintiffs had legal standing, or the right to sue, so lawyers settled for payments to the original 20 plaintiffs.

The New York Times

To encourage existing mortgage lenders to settle for lower payments, the government would accept responsibility for half of the losses if the homeowner defaults a second time.

The New York Times

Settle on payment arrangements.

WikiHow

Expert writing Tips

Best practice

When using "settle payment for", ensure the context clearly indicates what the payment is for. Be specific to avoid ambiguity.

Common error

Avoid using "settle payment for" when you simply mean 'make a payment'. The phrase implies reaching an agreement or resolving a dispute regarding the payment, not just initiating it.

Linguistic Context

The phrase "settle payment for" functions as a verb phrase, typically indicating the action of resolving or completing a payment, often implying a prior negotiation or arrangement. As Ludwig AI explains, it refers to an arrangement to make payment or come to an agreement on a payment.

Expression frequency: Missing

Frequent in

News & Media

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Science

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Formal & Business

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Less common in

Wiki

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Encyclopedias

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Ludwig's WRAP-UP

According to Ludwig AI, the phrase "settle payment for" is grammatically correct and indicates reaching an agreement or resolving a dispute regarding a payment. While currently showing a lack of examples in the provided data, it is considered to have a neutral to professional register, finding potential usage in business, news, and academic contexts. When using the phrase, it's important to ensure the context indicates what the payment is for to avoid ambiguity and to remember that the phrase implies reaching an agreement or resolving a payment dispute rather than simply making a payment.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

arrange payment for

Focuses on the logistical aspect of setting up the payment process.

finalize payment for

Emphasizes the completion aspect of the payment process.

process payment for

Highlights the action of handling the payment.

complete payment for

Underscores the action of finishing the payment.

clear payment for

Indicates the payment has been successfully processed.

discharge payment for

Implies fulfilling the obligation to pay.

liquidate payment for

Suggests converting assets into cash to make the payment.

defray payment for

Indicates providing funds to cover the payment.

handle payment for

Focuses on managing the financial transaction.

take care of payment for

Suggests assuming responsibility for ensuring the payment is made.

FAQs

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

You can use "settle payment for" when referring to reaching an agreement to make payment for a service, debt, or product. For example, "We need to "arrange payment for" the outstanding invoice."

What's a good alternative to "settle payment for"?

Depending on the context, you could use alternatives like "finalize payment for", "process payment for", or "complete payment for".

Does "settle payment for" imply there was a dispute or negotiation?

While not always, "settle payment for" often suggests that some aspect of the payment needed to be resolved or agreed upon before the payment could be made. This could be in contrast to simply processing a payment.

Is it more formal to use "settle payment for" or "make payment for"?

"Settle payment for" can be slightly more formal, especially if it involves some form of negotiation or compromise. "Make payment for" is a more general term for simply rendering a payment.