Definition

Noun: A sum of money paid at fixed, recurring intervals as part of an ongoing financial obligation or arrangement.

Usage

This term refers specifically to a scheduled, periodic disbursement of funds. It emphasizes the predictable and repeated nature of the payment, distinguishing it from one-time or irregular payments.

Examples

• Employees rely on their regular payment of salary to manage their household budgets.
• Setting up a regular payment from your bank account can help ensure you never miss a bill.
• The pension fund provides a regular payment to retirees every month.

Advanced Usage

• "To be in receipt of regular payments": This formal phrase describes the state of receiving such payments consistently.
  • The beneficiary is in receipt of regular payments from the trust.

Variants and Related Words

• Installment (noun): A partial payment of a sum owed, made at regular intervals.
  • He bought the furniture and is paying for it in monthly installments.
• Annuity (noun): A financial product that provides a series of regular payments, typically for the rest of a person's life.
  • She purchased an annuity to secure a regular payment after retirement.

Synonyms

• Periodic payment
• Recurring payment
• Standing order (specific to a banking instruction)

Antonyms

• Lump sum payment
• One-time payment
• Irregular payment

Noun

1. a payment made at regular times