What is the meaning of payment amount? (2024)

What is the meaning of payment amount?

(peɪmənt ) countable noun [oft noun NOUN] A payment is an amount of money that is paid to someone, or the act of paying this money.

What is the meaning of total payment amount?

Total Payment Amount means the sum of regular periodic current and past-due support obligation, fees, and other payments required by court order or statute (i.e., the total the court determined the parent could afford to pay) or administratively set by the friend of the court office.

What is the meaning of amount to be paid?

Amount to be paid is the debt to be paid or salary or interest or anything. It has many meanings depending upon the sentence. Amount to be paid is just the sum of money that needs to be given to a particular person for a particular job.

What is the full meaning of payment?

Payment is the voluntary transfer of money, equivalent, or other valuable items from one person to another in exchange for goods or services received or to meet a legal obligation. The person who gives the money is often called the payer, while the person who gets the money is called the payee.

What is the correct meaning of amount?

noun. 1. a. : the total number or quantity : aggregate.

How is payment amount calculated?

So, to get your monthly loan payment, you must divide your interest rate by 12. Whatever figure you get, multiply it by your principal. A simpler way to look at it is monthly payment = principal x (interest rate / 12). The formula might seem complex, but it doesn't have to be.

What is the total amount due for payment?

Total amount due –This is the aggregate of the transaction value during the billing period, any amount outstanding carried forward from the earlier bill, the interest charged, late payment fee, and any other charge or penalty that may be applicable.

What is a synonym for pay an amount?

Some common synonyms of pay are compensate, indemnify, recompense, reimburse, remunerate, repay, and satisfy.

What does due amount mean?

As it relates to loans or other bills, the amount due is the sum of money necessary to pay a bill in full, including principal, interest, fees and other charges. Amount due can also be used for the sum of charges related to partial or full payments for credit card loans.

Does payment always mean money?

Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved. A payment can be made in the form of services exchanged, cash, check, wire transfer, credit card, debit card, or cryptocurrencies.

What is payment terms example?

Some examples of this can be the following: Discounts for early payments: For example, "net 30 5/10" means a customer has 30 days to pay in full and will receive a discount of 5 percent if the customer pays the invoice within the first ten days. Your company won't apply the deal if the customer pays later than that.

What is an example of amount?

She spent amazing/enormous amounts of time planning her garden. The new law limits the amount of money a candidate can spend. We have any amount of available resources. = We have a large amount of available resources.

What is called total amount?

A total is a whole or complete amount, and "to total" is to add numbers or to destroy something. In math, you total numbers by adding them: the result is the total.

What is different amounts or amount?

Both are correct. Ex: There is a great amount ( quantity ) of resistance to my Project work. Large amounts ( plural form ) of money was concealed in foreign banks.

How much is the monthly payment on a $25,000 loan?

How much is the monthly payment on a 25k loan?

The monthly payment on a $25,000 loan ranges from $342 to $2,512, depending on the APR and how long the loan lasts. For example, if you take out a $25,000 loan for one year with an APR of 36%, your monthly payment will be $2,512.

How much is the monthly payment on a 20k loan?

The monthly payment on a $20,000 loan ranges from $273 to $2,009, depending on the APR and how long the loan lasts. For example, if you take out a $20,000 loan for one year with an APR of 36%, your monthly payment will be $2,009.

What is the difference between payment due and amount due?

Payment Due Date: The date your payment is due. Amount Due: This is the total amount you owe as of the statement date.

What is a balance amount?

An account balance is the total amount of money available in a financial account after all the debits and credits have been calculated. It can also refer to the total amount of money that a person or organization is due to pay to a third party, such as a service provider.

What is a word for small payment?

chump change coins Mickey Mouse nickels and dimes paltry sum peanuts pin money pittance pocket money small amount of money small change small potatoes spending money. small amount (noun as in chump change) Weak matches.

What does payment towards mean?

To subsidize; to contribute to paying part of the cost of (something); to contribute to (something).

How do you ask for a payment professionally?

What does payment due by mean?

"Due by" means no later than that date. You can submit on any day before that date. But you should submit before the due date. "Due on" means you have to submit on the given date.

What is the payment amount enclosed?

Total Amount Enclosed is where you fill in the amount of payment you are making on your current bill.

What does amount due now mean?

The phrase "total amount due" on an invoice refers to the final sum of money that the recipient of the invoice is required to pay. It represents the complete outstanding balance that the customer owes to the seller or service provider for the goods or services rendered.