terminal payment

USAGE SUMMARY

The phrase "terminal payment" is correct and usable in written English.
It can be used in financial contexts, particularly when referring to a final payment made at the end of a contract or agreement. Example: "The contract stipulates that the terminal payment is due upon completion of the project."

✓ Grammatically correct

Formal & Business

News & Media

Science

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Terminal Payments.

FAO

Terminal payments liabilities are provided in part ($2 million) under the Terminal Payments Fund referred to above.

FAO

For terminal payments not provided for under the Terminal Payments Fund (commutation of accrued annual leave, repatriation grant, repatriation travel and removal costs, termination indemnities and death grant) and after service medical care, the Organization charges expenditure with the amount of payments made during the biennium.

FAO

With NFC-enabled terminals contactless payments will be more secure since card information is encrypted on the mobile device and is "tokenized".

Huffington Post

Each payment terminal in the field is managed remotely by the central system called terminal management system (TMS).

EURASIP Journal on Information Security

The feature lets people make payments by waving their iPhone, iPad or Apple Watch over the contactless payment terminal.

Independent

iPhone owners simply touch their device to a payment terminal, scan their finger or thumb print, and it's done.

Independent

The mobile giant recently acquired US mobile payments start-up LoopPay, which uses proprietary and patented Magnetic Secure Transmission (MST) technology to turn virtually any payment terminal into a contactless payment solution.

The Guardian

Cards do contain a chip which limits losses, but they may be used until this limit is reached if the payment terminal is operating offline.

The Guardian - Money

The microcircuits aimed at mass market items such as groceries are powered wirelessly by the smartphone or the contactless payment terminal which reads them.

The Guardian - Business

At three Kroger stores in College Station, Tex., that are testing the technology, participants pay by touching a payment terminal at the checkout registers.

The New York Times - Tech

Expert writing Tips

Best practice

When referring to contractual obligations, clearly define what constitutes a "terminal payment" within the agreement to avoid ambiguity. Ensure the conditions for its release are explicitly stated.

Common error

Avoid using "terminal payment" interchangeably with general payment terms. "Terminal payment" specifically denotes a final payment made under defined circumstances, not just any payment.

Linguistic Context

The phrase "terminal payment" primarily functions as a noun phrase, often serving as the subject or object within a sentence. Ludwig provides examples demonstrating its use in formal and business contexts, aligning with its definition as a final payment.

Expression frequency: Missing

Frequent in

Formal & Business

33%

News & Media

33%

Science

33%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The term "terminal payment" refers to a final payment, typically made at the end of a contract or agreement. The Ludwig AI confirms it's grammatically correct and usable in formal contexts. While examples are limited, suggesting a relatively uncommon usage, it's important to use it accurately to avoid confusion. Using phrases like "final payment" can provide clarity.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

final payment

Replaces "terminal" with "final", emphasizing the concluding nature of the payment.

end payment

Uses "end" instead of "terminal", focusing on the payment marking the end of an obligation.

completion payment

Highlights that the payment is made upon completion of a specific task or contract.

settlement payment

Suggests the payment is part of a broader settlement agreement.

close-out payment

Implies the payment is made to formally close an account or agreement.

balance payment

Focuses on paying the remaining balance due.

ultimate payment

Uses "ultimate" to convey the finality of the payment.

last installment

Refers to the final payment in a series of installments.

residual payment

Indicates a payment made for a remaining or residual amount.

total payment

Emphasizes the payment covers the entire amount due.

FAQs

What does "terminal payment" mean in a contract?

In a contract, a "terminal payment" typically refers to the final payment made upon completion of the contract's terms or at the end of a specified period. It's often contingent on meeting certain conditions outlined in the agreement.

What are some alternatives to "terminal payment"?

You can use alternatives like "final payment", "completion payment", or "end payment" depending on the context.

When is a "terminal payment" usually made?

A "terminal payment" is typically made when all obligations under a contract have been fulfilled, or at the very end of an agreed-upon term. This could be the completion of a project, delivery of goods, or the end of a lease.

Is there a difference between a "terminal payment" and a regular installment?

Yes, a "terminal payment" is the final payment, whereas a regular installment is one of several payments made periodically. The "terminal payment" often has different conditions attached to its release compared to the preceding installments.