final payment
Concluding financial transfer
Final payment is the last installment in a series of payments, completing a financial obligation.
A final payment settles a debt, closes out a loan, or fulfills a contract: After the final payment, the car was officially ours.
The term often appears in contexts involving mortgages, installment plans, or project completions where money is held until work is finished.
- settlementResolved dispute or colony
- payoffCulminating benefit received
- lump sumEntire amount at once
- closingFinal stage of something
- closing costsFees finalizing property purchase
balance · clearance · discharge · completion · deed · mortgage · debt · debt free · receipt · check · wire transfer · closure · satisfaction · release · sign on the dotted line · escrow · title · handshake
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- payingpay, pay up, pay out, pay off, foot the bill
- payoutspayout, disbursement, dividend, cash prize, reimbursement
- payment termspast due, late payments, late fee, late fees, penalties
- payment obligationsobligation, installment, due date, deposit, disbursement
- debt reliefdebt relief, debt forgiveness, debt settlement, debt cancellation, debt negotiation
final paymentdeposit
Place for safekeeping
down payment · advance payment · upfront payment · security deposit · earnest money
final paymentpartial payment
Fraction of amount owed
installment · progress payment · recurring payment · outstanding balance
final, payment, finally, finale, finality, finalize, finalist, finals, fine