Definition, Meaning & Synonyms
weekly-payment
noun
/ˈwiːkli ˈpeɪmənt/
Definition
A weekly payment is a sum of money that is paid once a week, typically as part of a contract or financial agreement.
Examples
- John prefers a weekly-payment plan for his new car loan.
- The service charges a weekly payment for subscription-based access.
Meaning
This term often refers to a payment arrangement in which the total amount owed is divided into smaller payments made every week instead of being paid in a lump sum.
Synonyms
- weekly installment
- weekly fee
