Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “progress payment”

progress payment

noun [C]     (also milestone payment) HR, MANAGEMENT, WORKPLACE
one of the payments made at different stages of a piece of work, usually when a particular stage has been completed: If a progress payment is not made within the agreed time, the builder can leave the job unfinished.
(Definition of progress payment noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of progress payment

Word of the Day

limber up

to do gentle exercises to stretch the muscles in order to prepare the body for more active physical exercise

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