immediate payment

Thân thiện

The customer makes an immediate payment at the checkout counter.

Definition

Noun 1. Prompt payment for goods or services in currency or by check: The act of settling a financial obligation at once, without delay, using cash, its equivalent, or a check, as opposed to using credit or deferred payment terms.

Usage

This term is used in commercial, retail, and financial contexts to specify a transaction condition where payment is required at the point of sale or upon delivery, rather than at a later date. - It is often contrasted with terms like "credit payment," "installment plan," or "net 30 days." - It emphasizes the immediacy and form of the settlement.

Examples

• The supplier requires immediate payment upon delivery of the materials.
• For this special offer, immediate payment via cash or debit card is necessary to secure the discounted price.
• The invoice clearly stated that immediate payment was expected to avoid service interruption.

Advanced Usage

• "To demand immediate payment": To require payment without any delay.
  • The landlord demanded immediate payment for the overdue rent.
• "Subject to immediate payment": A condition where a transaction is only valid if payment is made at once.
  • All sales from the clearance rack are subject to immediate payment.

Variants and Related Words

• Cash on delivery (COD): A specific method of immediate payment where payment is made when goods are delivered.
• Prompt payment: A very close synonym, often used interchangeably, though it can sometimes imply payment soon after an invoice is received rather than literally at the moment of transaction.
• Spot payment: Payment made immediately on the spot.

Synonyms

• Cash payment
• Prompt settlement
• On-the-spot payment

Antonyms

• Deferred payment
• Credit payment
• Installment payment

Related Phrases

• "Payment in advance": Payment made before goods are received or services are rendered.
• "Payable on receipt": Indicating that payment is due as soon as the invoice or goods are received.

Học thuật

Noun

1. prompt payment for goods or services in currency or by check

Từ đồng nghĩa

• cash