- payment on account
- 1) A payment made for goods or services before the goods or services are finally billed. See also deposit2) A payment towards meeting a liability that is not the full amount of the liability. The sum paid will be credited to the account of the payer in the books of the payee as a part-payment of the ultimate liability.
Big dictionary of business and management. 2014.
Look at other dictionaries:
payment on account — ► an amount of money paid that is part of the total amount owed for something, or the act of paying in this way: »Tax is also due as the first payment on account for the tax year 2010 11. Main Entry: ↑payment … Financial and business terms
payment on account — payment made to an account, pay off an accumulated debt … English contemporary dictionary
payment on account — See: progress payment … Accounting dictionary
payment on account — Part payment of an outstanding debt, usually coupled with an agreement to repay the balance at a specified date … Business law dictionary
payment on account scheme — The largest VAT payers are required to be in the Payments on Account Scheme. Under the scheme interim payments must be made. HM Customs & Revenue Glossary … Financial and business terms
payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it … Financial and business terms
payment — / peɪmənt/ noun 1. the money exchanged for goods or a service ● We always ask for payment in cash or cash payment and not payment by cheque. ● The payment of interest or the interest payment should be made on the 22nd of each month. ♦ payment… … Marketing dictionary in english
account — n. & v. n. 1 a narration or description (gave a long account of the ordeal). 2 a an arrangement or facility at a bank or building society etc. for commercial or financial transactions, esp. for depositing and withdrawing money (opened an account) … Useful english dictionary
payment — / peɪmənt/ noun 1. the act of giving money in exchange for goods or a service ● We always ask for payment in cash or cash payment and not payment by cheque. ● The payment of interest or the interest payment should be made on the 22nd of each… … Dictionary of banking and finance
Account stacking — is a broadcast industry term, which refers to the deployment of subscription Direct To Home (DTH) satellite receiving equipment at multiple geographical locations under a single customer account. It is often referred to as 2nd address service,… … Wikipedia