timely payment

USAGE SUMMARY

The phrase "timely payment" is correct and usable in written English.
It can be used in contexts where promptness in making a payment is emphasized, often in financial or contractual discussions. Example: "To maintain a good relationship with our suppliers, we ensure timely payment for all invoices."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

49 human-written examples

The practice, he said, was put in place to ensure timely payment.

The New York Times

Before business groups, he pledges fiscal responsibility and timely payment of public debts.

The New York Times

"A failure to raise the debt limit could put timely payment of all of these at risk".

The Guardian - Business

Decapitations notwithstanding, their administrators win plaudits for their efficient management, clean streets and timely payment of salaries.

The Economist

They have agreed to seek timely payment for the government's rural employment scheme as well as to try to send children to school rather than work.

The Guardian

Ukraine, he said, would probably meet a payment for natural gas in June but that the outlook for a timely payment in July was still doubtful.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

9 human-written examples

Some look for a history of timely payments to identify responsible applicants.

The New York Times

But homeowners have to make at least three timely payments for the reductions to become permanent.

The New York Times

It also planned to increase the discount it gave after the first two years to borrowers who make timely payments.

The New York Times

In its legal complaint, Merrill said that Mr. Esmerian's failure to live up to the loan terms began months before he stopped making timely payments.

The New York Times

Credit agencies estimate that banks in China are unable to collect timely payments of interest and principal on more than 40percentt of their loans.

The New York Times

Expert writing Tips

Best practice

When writing contracts or financial agreements, explicitly state the consequences of failing to ensure "timely payment", such as late fees or service suspension.

Common error

Ensure you're not using "timely payment" when you mean "full payment". "Timely payment" refers to when the payment is made, while "full payment" refers to the amount paid. A payment can be timely but not full, or vice versa.

Linguistic Context

The phrase "timely payment" functions as a noun phrase where the adjective "timely" modifies the noun "payment". It describes the quality of a payment being made at the right time. Ludwig AI examples highlight its use in discussions about contracts, salaries, and financial obligations.

Expression frequency: Very common

Frequent in

News & Media

40%

Formal & Business

25%

Science

20%

Less common in

Encyclopedias

5%

Reference

5%

Wiki

5%

Ludwig's WRAP-UP

In summary, "timely payment" is a common and grammatically sound phrase used to describe the act of making payments when they are due. As noted by Ludwig AI, the expression is prevalent in various contexts, including news, business, and scientific writing, indicating its broad applicability. It's essential to distinguish between "timely payment" and related terms such as "prompt payment" and to ensure that the term is not confused with "full payment". By implementing clear payment terms and proactive communication, both individuals and organizations can strive to ensure payments are made in a "timely" manner, fostering strong relationships and financial stability.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

on-schedule payment

Highlights adherence to an agreed-upon payment timeline.

punctual settlement

Underscores the importance of settling accounts exactly on time.

prompt remittance

Focuses on the act of sending money quickly and efficiently.

expeditious settlement

Highlights a fast and efficient resolution of a financial obligation.

swift disbursement

Emphasizes the quick release of funds.

well-timed defrayment

Highlights that the payment was not only on time but also appropriate for the situation.

immediate defrayal

Stresses the instantaneous covering of costs or debts.

efficient payment processing

Focuses on the administrative aspect of making payments quickly and without errors.

accelerated payment

Implies speeding up the usual payment schedule.

early settlement

Highlights paying an invoice or debt before the due date.

FAQs

How can I ensure "timely payment" from my clients?

Clearly communicate payment terms upfront, send invoices promptly, and consider offering incentives for early payment. Using automated invoicing and payment reminders can also help.

What is the difference between "timely payment" and "prompt payment"?

While both terms relate to payments made without delay, "timely payment" emphasizes adherence to an agreed-upon schedule, while "prompt payment" suggests immediate or very quick payment after the obligation arises. They are often interchangeable, but context matters.

What are the legal implications of not ensuring "timely payment"?

Failure to provide "timely payment" can result in breach of contract, leading to legal action, late fees, interest charges, and damage to your credit rating. The specific consequences will depend on the terms of the agreement.

What are some strategies to encourage "timely payment" from customers?

Consider offering discounts for early payment, implementing late payment penalties, using automated invoicing systems with reminders, and building strong relationships with your clients to foster trust and open communication.