delay in payment vs delay of payment

Both 'delay in payment' and 'delay of payment' are commonly used phrases in English. They are interchangeable and can be used to indicate a postponement in the payment process. There is no significant difference in meaning between the two phrases.

Last updated: April 01, 2024 • 2520 views

delay in payment

This phrase is correct and commonly used in English.

This phrase is used to indicate a situation where a payment is postponed or not made on time.

Examples:

The company apologized for the delay in payment.
The delay in payment caused financial difficulties for the supplier.

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I chatted with "Henry" today about the delay in payment.
In case of delay in payment, the performer has the right to delay interests.
If the agreed credit limit or delay in payment, we reserve the right to an immediate halt in supplies.
In the case of a delay in payment, total or partial, interests will be debited at the present rate.
5.1 In case any delay in payment exceeds 15 days, the SELLER shall be entitled to terminate the contract with cause as per article 1456 or the Italian Civil Code, merely by sending written communication thereof, without prejudice to the right to claim for greater damages.
The construction company that dealt with it is still waiting for quite a considerable amount of money, and since it is a small construction company from Northern Ireland, the long delay in payment is also causing problems there.
For a small business, the delay in payment of an invoice can lead to bankruptcy, especially in cases (many) where the company that listens for the money with few customers relations.
Government incentives delay in payment of electricity bill by up to 40 percent of the electricity bill first 6 or 10 months, and the industry can pay it off gradually.
The method and procedure of payments for goods delivered, the list of documents submitted for payment, liability for delay in payment or for other violations of contract terms.
In case of any delay in payment we reserve the right to charge default interests at the equivalent rate usually charged by our banks, however, at least 8 % above the prevailing interest rate.
In relation to its tax debts, the delay in payment of only a part of its tax debts to the Greek State for a limited period since the 2005 Decision does not constitute prolonged forbearance on the part of the Greek State.
Delay in Payment In case of payments made after the deadline interest will incur on outstanding payments.
NON-PAYMENT OR DELAYED PAYMENT Delay in payment of all, or part of, our invoices beyond the agreed expiry gives rise to the immediate accruement of interest which will be charged at the conditions and amounts as provided by Legislative Decree no.
The second problem is one of credits and delay in payment.
According to data, what is the average delay in payment of public contracts in the hospital sector in Greece and in the other Member States? 3.
The opportunity to get a delay in payment under Contract
The principal cause of the sack was the delay in payment due to the soldiers by Philip II.
The delay in payment is dependent on the negotiated conditions, and above all, the size of the purchase.
Interest was duly paid for five consecutive calendar quarters and on one occasion a contractual penalty was charged for two day's delay in payment.
This delay in payment must not be used as an excuse to attack the budget for these important measures or be allowed to discourage those new to European programmes from fully benefiting.

Alternatives:

payment delay
payment postponement
late payment

delay of payment

This phrase is correct and commonly used in English.

This phrase is also used to indicate a situation where a payment is postponed or not made on time.