Meaning of “final payment” in the English Dictionary

business-english dictionary

"final payment" in Business English

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final paymentnoun [ C or U ]

uk us FINANCE

the last in a series of payments, or the amount needed to pay off a debt:

final payment of sth Final payment of the balance must be made at least 60 days prior to closing the account.
A final payment of $315.70 is due on July 1st.

(Definition of “final payment” from the Cambridge Business English Dictionary © Cambridge University Press)