CEFR B1

final payment

noun phrase

Meaning

A payment that settles a debt or completes a financial transaction, usually the last in a series of payments.

Examples

The final payment on the loan is due next month.
She made the final payment on her credit card and finally paid off the balance.

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final payment (B1)

noun phrase

Pronunciation: /ˈfaɪnəl ˈpeɪmənt/

Definition

A payment that settles a debt or completes a financial transaction, usually the last in a series of payments.

Examples

The final payment on the loan is due next month.
She made the final payment on her credit card and finally paid off the balance.
The company will only deliver the goods after receiving the final payment.

How to Use final payment

make a final payment (verb phrase): to pay the last amount of money — "She made the final payment on her loan last month."
receive a final payment (verb phrase): to get the last amount of money — "The company received the final payment from the client yesterday."

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