progress payments

progress payments
Payments made to a contractor during the performance of the work, usually calculated in amount according to the percentage of work accomplished. Anno: 22 ALR2d 1344; 17 Am J2d Contr § 348.

Ballentine's law dictionary. . 1998.

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  • progress payment — Payment made as work progresses under a contract, upon the basis of costs incurred, of percentage of completion accomplished, or of a particular stage of completion. The term does not include payments for partial deliveries accepted by the… …   Military dictionary

  • progress certificate — A certificate issued by an architect or engineer during the course of construction of a building or other improvement, prepared for the information of the owner concerning performance by the contractor, particularly in reference to payments to be …   Ballentine's law dictionary

  • percentage payments — See progress payments …   Ballentine's law dictionary

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  • Tuition payments — Tuition redirects here. For Tutoring, see Tutor. For tuition fees in the United Kingdom, see Tuition fees in the United Kingdom. For college tuition in United States, see College tuition in United States. Tuition payments, known primarily as… …   Wikipedia

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

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