Definition, Meaning & Synonyms
prompt-payment
noun
prompt-pay·ment
Definition
A payment that is made without delay or at the agreed time.
Examples
- The contractor appreciated the prompt payment for the completed work.
- To avoid late fees, always ensure prompt payment of your monthly bills.
- Many companies offer discounts for prompt payments made within a certain timeframe.
Meaning
The term refers to the timely settlement of bills or invoices, often associated with good business practices and financial responsibility.
Synonyms
- Timely payment
- On-time payment
- Immediate payment
