source of payments

USAGE SUMMARY

The phrase "source of payments" is correct and usable in written English.
It can be used in contexts related to finance, accounting, or transactions to refer to the origin or provider of funds for payments. Example: "The company needs to identify the source of payments for the recent transactions to ensure proper accounting."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 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

Detailed information for families and individuals was collected from a nationally representative sample of households; variables included demographic characteristics, income, savings and expenses, employment, housing, chronic conditions, use of medical services, medications, charges and source of payments, PHI, pregnancy and delivery, elder care, health behaviors, and health awareness [ 31].

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

57 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

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

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

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

Expert writing Tips

Best practice

In research papers, always specify the "source of payments" for healthcare services to analyze potential disparities and biases.

Common error

Avoid using "source of payments" when you actually mean method of payment. The source is where the money comes from (e.g., insurance, personal funds), while the method is how the payment is made (e.g., credit card, cash).

Linguistic Context

The phrase "source of payments" functions as a noun phrase, typically acting as the subject or object of a sentence. Ludwig AI confirms its usability in contexts related to finance and transactions.

Expression frequency: Rare

Frequent in

Science

50%

News & Media

50%

Formal & Business

0%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "source of payments" is a noun phrase used to denote the origin of funds for transactions. Ludwig AI confirms that the phrase is grammatically sound and appropriate for use in various contexts. While it appears mainly in scientific and news media, its register is generally neutral to formal. When using the phrase, it's crucial to distinguish it from the "method of payment", focusing instead on where the money originates. Common sources include insurance, personal funds, and government programs. Remember that accuracy and transparency in identifying the "source of payments" is important for legal and accounting compliance.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Funding sources

Refers to where the money originates, similar to the original phrase but more concise.

Payment origins

Focuses on the start point of the payment, emphasizing the source.

Sources of funding

A slight reordering of words which is commonly used to describe where money comes from.

Means of payment

Highlights the method used to pay, rather than the ultimate source of the funds.

Financial resources

Broader term encompassing all available money, not specifically tied to payments.

Payment methods

Refers to how payments are made, focusing on the process rather than the origin.

Revenue streams

Suggests ongoing sources of income, which may be used for payments.

Capital sources

Indicates where invested money comes from which is the source of payments.

Disbursement channels

Focuses on how money is distributed, a related but distinct concept.

Investment returns

Suggests money gained from investments which are the source of payments.

FAQs

What does "source of payments" mean in a financial context?

In finance, "source of payments" refers to the origin of the funds used to make a payment. This could be anything from personal savings or insurance to investments or loans.

How do I determine the "source of payments" for a transaction?

To determine the "source of payments", trace the funds back to their origin. Look at bank statements, invoices, and other financial records to identify where the money came from.

What are some common "sources of payments" for healthcare services?

Common "sources of payments" for healthcare services include insurance, Medicare, Medicaid, self-pay, and government programs.

Is "source of payment" the same as "method of payment"?

No, "source of payment" and "method of payment" are different. The "source of payment" refers to where the funds originate, while the "method of payment" refers to how the payment is made (e.g., credit card, cash, check).