Definition, Meaning & Synonyms
payment-arrangements
noun
/ˈpeɪmənt əˈrænʤmənts/
Definition
Agreements made between parties regarding the terms of payments for goods, services, or debts.
Examples
- Before finalizing the purchase, we discussed our payment arrangements to confirm the best plan.
- He set up payment arrangements with the supplier to ensure he could manage his cash flow effectively.
Meaning
Payment arrangements refer to the structured agreements that determine how and when payments will be made, especially in the context of managing debts or purchasing items on credit.
Synonyms
- payment plan
- installment plan
- financial agreement
- payment schedule
