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progress payment

British

noun

an instalment of a larger payment made to a contractor for work carried out up to a specified stage of the job

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Shauna kept up with her agreed payments of £185 a month.

From BBC • Jul. 24, 2023

Durban, which would have been the first African host city, missed contract deadlines last November and failed to establish an organizing committee or make agreed payments to the CGF.

From Reuters • Mar. 15, 2017

When we consider the real sacrifice that will be necessary on the part of other nations, considering all their circumstances, to meet their agreed payments, we ought to hold them in increased admiration and respect.

From State of the Union Address by Coolidge, Calvin

These latter could not begin to meet the obligations of interest and agreed payments on the other property.

From Gold by White, Stewart Edward

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023