interim payment Meaning in the Cambridge English Dictionary

Meaning of “interim payment” in the English Dictionary

"interim payment" in Business English

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interim paymentnoun [C]

uk   us  
an ​amount of ​money that is ​paid before the ​totalamount of ​moneyowed is decided: Workers ​injured in the ​fire have not received any ​compensation other than the ​interimpayments of £10,000 each that were made in April.
FINANCE, STOCK MARKET an interim dividend : It is unlikely that the ​bank will ​pay a ​finaldividend for the last ​financialyear or make an ​interimpayment this ​year.
(Definition of interim payment from the Cambridge Business English Dictionary © Cambridge University Press)
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“interim payment” in Business English

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