settling the payment

USAGE SUMMARY

The phrase "settling the payment" is correct and usable in written English.
You can use it to refer to the process of paying a debt or fulfilling an obligation. For example: "I'm in the process of settling the payment of my student loan."

✓ Grammatically correct

Science

News & Media

Wiki

Formal & Business

Encyclopedias

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

The concept of permissible delay period in settling the payment is widespread in business.

Journal of Industrial Engineering International

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

To handle the risks of trade credit situations, retailer collects a higher interest from his customers when they did not settle the payment within the credit period time.

Journal of Industrial Engineering International

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

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

Writing ensued, and when the cast members had settled the payment issue, Castellaneta and Lacusta presented the script to show runner Al Jean, who put the script into production.

Wikipedia

Settle the payment terms of the loan.

WikiHow

Each settlement agreement will vary but usually the documents include clauses that deal with: the claims to be settled; the payments you will receive and the relevant tax issues; a confidentially/gagging clause (so you can't bad mouth your employer) and any agreed reference from your employer.

The Guardian

The Iraqi soldiers had volunteered to dress the sheep and return it to the shepherd, as payment, settling the matter in their own manner.

The New York Times

Personal insult, injury, or homicide were usually settled through the payment of blood money.

Encyclopedia Britannica

In some cases, the infractions, which have varied in severity, have been settled with the payment of a fine.

The New York Times

Union Carbide contends that all personal injury and related claims were settled with the payment to the Indian government.

The New York Times

Expert writing Tips

Best practice

When discussing payment deadlines or agreements, use "settling the payment" to clearly indicate the finalization of the financial transaction. This ensures clarity in formal and business communications.

Common error

Avoid using "settling the payment" when referring to partial payments or installment plans. This phrase implies complete fulfillment of the financial obligation, not ongoing or incomplete transactions.

Linguistic Context

The phrase "settling the payment" functions as a gerund phrase, often acting as a noun. It describes the action of concluding or resolving a financial transaction. Ludwig confirms the usability of this phrase in various contexts.

Expression frequency: Very common

Frequent in

News & Media

30%

Formal & Business

25%

Science

20%

Less common in

Wiki

10%

Encyclopedias

5%

Social Media

0%

Ludwig's WRAP-UP

In summary, "settling the payment" is a grammatically correct and frequently used phrase to describe the completion of a financial transaction. According to Ludwig, it is appropriate for various contexts, including news, business, and academic writing. While similar phrases like "clearing the payment" or "finalizing the payment" can be used as alternatives, "settling the payment" clearly conveys that the obligation has been fulfilled. Remember to use this phrase when a payment has been completely processed, avoiding it for partial or ongoing payments. The phrase's neutral register makes it suitable for professional communication, ensuring clarity and accuracy in financial discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

clearing the payment

Focuses on the act of removing the payment from pending status.

finalizing the payment

Emphasizes the completion and end of the payment process.

settling the account

Similar to the original phrase but emphasizes that multiple payments could be involved.

processing the payment

Highlights the steps taken to handle and complete the transaction.

completing the transaction

Broader term that includes the payment as part of a larger exchange.

discharging the debt

Implies satisfying an obligation through payment.

liquidating the balance

Refers to converting assets or funds into cash to cover the payment.

honoring the obligation

Highlights the fulfillment of a commitment to pay.

taking care of the payment

More informal way to express handling and resolving the payment.

effecting payment

A more formal and somewhat archaic way to say the payment is completed.

FAQs

How to use "settling the payment" in a sentence?

You can use "settling the payment" to describe the act of finalizing a financial transaction. For example: "We are in the process of settling the payment with our suppliers."

What can I say instead of "settling the payment"?

You can use alternatives like "clearing the payment", "finalizing the payment", or "completing the transaction" depending on the context.

Which is correct, "settling the payment" or "settling a payment"?

"Settling the payment" is generally used when referring to a specific, previously agreed-upon payment. "Settling a payment" might be used when referring to one of many possible payments.

What's the difference between "settling the payment" and "making the payment"?

"Making the payment" refers to the act of initiating the transfer of funds, while "settling the payment" implies the process is completed and the funds have been successfully received and cleared.