source of payment

USAGE SUMMARY

The phrase "source of payment" is correct and usable in written English.
It can be used when discussing the origin or method by which a payment is made, such as in financial or business contexts. Example: "Please provide the source of payment for the invoice to ensure proper processing."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

Hospitals often absorb the costs when patients have no insurance or other source of payment.

The New York Times

The underlying source of payment is subprime mortgages, and that is a market where the outlook keeps getting worse.

The New York Times

When I was a child, there was an expectation that parents would be the primary source of payment for college".

The New York Times

Instead, the bureau should categorize people according to the likely source of payment should they need care.

The New York Times

Charts 1 and 2 show the growth of health spending from 1965 to 2010, broken down by source of payment.

The New York Times

The database provides information about individual immigrants, including arrival date, ship name and port of origin, birthplace, marital status at the time of arrival, occupation and source of payment for the passage.

The New York Times - Tech

But the separate presidential declaration was required to waive federal laws put in place to protect patients' privacy and to ensure that they are not discriminated against based on their source of payment for care, including Medicare, Medicaid and the states' Children's Health Insurance Program.

The New York Times

The source of payment is property taxes.

Forbes

(That source of payment may or may not, as suggested by some smaller competitors, color the agencies' views).

Forbes

Among SR ED visits, the most commonly cited expected source of payment was Medicaid (42.7%) followed by insurance company (38.5%).

Injury Epidemiology

Human-verified similar examples from authoritative sources

Similar Expressions

1 human-written examples

Saying that he had serious doubts about the source of payments that Mr. Hagel had accepted for speaking engagements, Mr. Cruz declared, "It is at a minimum relevant to know if that $200,000 that he deposited in his bank account came directly from Saudi Arabia, came directly from North Korea".

The New York Times

Expert writing Tips

Best practice

When discussing financial transactions or healthcare reimbursements, clearly specify the "source of payment" to avoid ambiguity. For example, indicate whether it's from insurance, personal funds, or a government program.

Common error

Avoid using overly general terms when a specific "source of payment" is known. Instead of saying "payment was made", specify "the payment was made via credit card" or "the payment was made using funds from a personal savings account."

Linguistic Context

The phrase "source of payment" primarily functions as a noun phrase that identifies where the money originates for a specific transaction or expense. It is commonly used to clarify the origin of funds, as shown in Ludwig's examples.

Expression frequency: Very common

Frequent in

Science

47%

News & Media

30%

Formal & Business

10%

Less common in

Wiki

3%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "source of payment" is a common and grammatically sound way to describe the origin of funds used for a transaction. According to Ludwig, it is particularly relevant in contexts like science, news, business and media. While alternatives such as "method of payment" or "funding source" exist, "source of payment" clearly indicates where the money comes from, crucial for financial clarity. When using this phrase, ensure you're specific rather than broad, as this best practice will promote better understanding. As Ludwig AI confirms, "source of payment" is generally suitable in neutral registers, although the register may fluctuate based on document type.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

method of payment

Focuses on the specific way payment is made (e.g., credit card, cash) rather than the origin.

funding source

Emphasizes the origin of the funds used for payment, suitable for broader contexts.

payment origin

Highlights the starting point or cause of the payment.

financial resource

Refers to the asset or means used for payment, often implying a broader financial context.

payer

Identifies the entity responsible for making the payment, rather than the origin of the funds.

payment provider

Specifies the organization facilitating the payment, such as a bank or credit card company.

revenue stream

Focuses on the consistent flow of income used for payments, suitable for business contexts.

means of financing

Highlights the method used to secure funds for payment, implying a more structured approach.

monetary origin

Emphasizes the beginning or derivation of the payment in monetary terms.

source of funds

A more general term that can apply to any situation where funds are being used, not just payments.

FAQs

How can I use "source of payment" in a sentence?

You can use "source of payment" to indicate where the money for a transaction comes from. For example, "Please indicate the "method of payment" for this invoice" or "The hospital needs to verify your "financial resource" before treatment".

What is an alternative to "source of payment"?

Depending on the context, you could use alternatives like "method of payment", "funding source", or "payment origin".

In financial contexts, is it better to use "source of payment" or "source of funds"?

"Source of payment" is more specific to transactions, while "source of funds" is broader. Use "source of payment" when discussing a specific transaction's origin; use "source of funds" when discussing the overall origin of money available to someone.

How does "source of payment" relate to healthcare billing?

In healthcare, "source of payment" refers to how medical bills are paid, such as through insurance (Medicare, Medicaid, or private), self-pay, or other programs. Knowing the "funding source" helps hospitals manage billing and reimbursement.