Payment Schedule
/ˈpeɪmənt ˈskedʒuːl/
Definitions
- (n.) A contractual timetable outlining when payments are to be made, specifying amounts and due dates.
The contract included a payment schedule requiring monthly installments over one year.
Forms
- payment schedules
Related terms
See also
Commentary
Payment schedules must be clear and unambiguous in contracts to avoid disputes regarding timing and amounts of payments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.