Definition, Meaning & Synonyms
delay-payment
noun
/dɪˈleɪ ˈpeɪmənt/
Definition
A delay-payment refers to the act of postponing or deferring the payment for an obligation or debt, often beyond the agreed-upon timeframe.
Examples
- Many companies experience a delay-payment due to unexpected cash flow issues.
- Keeping track of delay-payments can help improve financial management.
- They agreed on a delay-payment plan to accommodate their client’s needs.
Meaning
The term is commonly used in financial contexts to indicate that a payment that was due will be made later than initially scheduled.
Synonyms
- Deferred payment
- Postponement
- Extension
