Meaning & use
increment payments
Last updated
Meaning
phrasepluralfinance
Payments that increase by a regular amount or percentage at set times.
Grammar: Usually plural; can be used as a modifier before a noun.
Patterns
- make increment payments
- increment payments of something
The loan is repaid through increment payments every quarter.
They agreed to increment payments of $500 each year.
Increment payments help small businesses manage cash flow.
Common combinations
- increment payments of
- The contract requires increment payments of $1,000.
- make increment payments
- We will make increment payments over five years.
- annual increment payments
- Annual increment payments are due in January.
- increment payment plan
- They set up an increment payment plan.
Synonyms and how they differ
- graduated payments
- Similar, but 'graduated' often means payments start low and rise; 'increment' emphasizes equal steps.
- step payments
- Informal alternative; 'increment payments' is more formal.
Opposites
Commonly confused: increment payments or incremental payments?
increment payments vs incremental payments
The adjective form 'incremental' is more common in everyday English; 'increment payments' is used in finance.
Practice
What does 'increment payments' mean?
Choose one answer.
'Increment' means a regular increase, so 'increment payments' rise by set amounts. Option A describes fixed payments; C is a lump sum; D is the opposite.
Make it your own
Write a sentence using “increment payments”, then check it and compare it with the examples above.