Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “interim payment”

interim payment

noun [C]    
an amount of money that is paid before the total amount of money owed is decided: Workers injured in the fire have not received any compensation other than the interim payments of £10,000 each that were made in April.
FINANCE, STOCK MARKET an interim dividend: It is unlikely that the bank will pay a final dividend for the last financial year or make an interim payment this year.
(Definition of interim payment noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of interim payment

More Business English definitions for “interim payment”

Word of the Day

closeness

the quality of knowing someone very well, liking them a lot, and wanting to spend a lot of time together

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More