partial payment
Down payment, perhaps
A partial payment is a payment that covers only part of what's owed: We accepted a partial payment of $500 on the $2,000 debt.
The term appears in billing, debt collection, and contract law, where partial payments may or may not prevent default depending on the agreement.
- installmentPeriodic partial payment
- depositPlace for safekeeping
- loan agreementDocument governing borrowed funds
- pro rataIn exact proportion
- layaway planPrepayment purchase arrangement
arrears · advance · promissory note · credit terms · balance due · pay in full · settle up · debt collection · credit card debt · lease agreement · unpaid · monthly · contract law · loan · ledger · remittance · mortgage · installment plan
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- Payment Typesinstallments, autopay, direct deposit, wire transfer, layaway
- billingbilling, bill, invoices, invoicing, invoice
- debt paymentspayoff, debt service, installment, amortization, arrears
- insurance claimsclaim form, claim filing, claim settlement, claims processing, claims adjuster
- loan paymentsloan balance, installment, autopay, lump sum, payback
payment structure
partial paymentlump sum payment
Full amount given once
single payment · one-time payment · lump sum · balloon payment · upfront payment
payment, partial, paying, impartial, repayment, partially, payments, partiality, payer