short payment

English

Etymology

From short +‎ payment, patterned after financial terms such as underpayment and shortfall.

Noun

short payment (plural short payments)

  1. (finance, accounting) A payment that is less than the full amount owed; an underpayment resulting from error, adjustment, or deduction.
    Synonym: underpayment
    • 2023 December 15, Shaun Jex, “How to Handle Short Payments”, in Quadient‎[1]:
      At times, a short payment may simply be the result of human error. This is particularly true for customers who manually process their accounts payable. A simple keystroke mistake or typo could result in the payment amount being wrong.
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