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payment discipline vs payment regularity

Both 'payment discipline' and 'payment regularity' are correct phrases, but they are used in different contexts. 'Payment discipline' refers to the practice of making payments on time and managing finances responsibly. On the other hand, 'payment regularity' focuses on the frequency or consistency of payments being made.

Last updated: March 25, 2024 • 1773 views

payment discipline

This phrase is correct and commonly used in English.

It refers to the practice of making payments on time and managing finances responsibly.

Examples:

  • The company's payment discipline helped them maintain a good credit rating.
  • He was praised for his payment discipline in managing his personal finances.
  • Maintaining payment discipline is crucial for financial stability.
  • The lack of payment discipline led to financial troubles for the business.
  • She demonstrated excellent payment discipline by always paying her bills on time.
  • First of all, such enterprises are concerned about the non-payment of invoices, a lack of payment discipline.
  • Now is therefore the time for Member States to improve their discipline, their payment discipline.
  • Declaration of the European Parliament on budgetary discipline for payments
  • The balance payment as from 1 December 2014 should take into account the adjustment rate of financial discipline applicable at that time.
  • The forecasts for the direct payments and market related expenditure determined in the Commission 2015 Draft Budget indicated that there is no need for any further financial discipline.
  • Now they are also to be subject to the financial discipline mechanisms, which means that they may suffer yet further cuts in agricultural payments.
  • Article 8 of Regulation (EU) No 1307/2013 provides for an adjustment of direct payments for reasons of financial discipline.
  • The tighter expiry deadline for payments is also intended to encourage more discipline on the part of Member States.
  • The definitive payment after 1 December 2013 will take into account the final adjustment rate of financial discipline applicable at that time.
  • In order to ensure financial discipline, specific provisions should be laid down to avoid that non-compliance with payment deadlines would lead to total expenditure for direct payments exceeding those ceilings in the corresponding financial exercise.
  • At the same time, the system to ensure financial discipline with regard to direct payments (Article 11 of Regulation (EC) No 1782/2003) may well already be in use by 2007.
  • In accordance with Article 1(1) of Council Regulation (EU) No 1181/2013 [6] financial discipline is applied to direct payments in respect of calendar year 2013.
  • The forecasts for the direct payments and market related expenditure determined in the Commission 2014 Draft Budget have shown the need for financial discipline.
  • In this context we must also remember the Council decision on budgetary discipline which specifically provides for the possibility of suspending the payment of agricultural expenditure if Community resources have been misused.
  • When financial discipline is applied for a given calendar year, the adjustment rate should not be applied to payments for which aid applications have been submitted in the calendar years other than that for which the financial discipline applies.
  • When financial discipline is applied for a given calendar year, the adjustment rate should not be applied to payments for which aid applications have been submitted in the calendar years other than that for which the financial discipline applies.
  • My committee has mandated me to make that point and we will certainly, in a sense of discipline, be aiming to see at least one half of that cut in payment appropriations being restored in the plenary vote.
  • Budgetary discipline and a limited increase in the agricultural budget mean that the relative share of Community spending on agriculture will be further reduced, with the direct payments per farmer showing a relative decrease of 10 - 20% (including modulation).
  • Articles 10 and 11 of Regulation (EC) No 1782/2003 provide for reductions and, as the case may be, adjustments of all direct payments to be granted in respect of a calendar year due to modulation and financial discipline, respectively.
  • Therefore, in the framework of the financial discipline, the adjustment rate for direct payments to be granted to a farmer for an aid application should be fixed on that legal basis.

Alternatives:

  • financial responsibility
  • timely payments
  • financial management
  • creditworthiness
  • fiscal prudence

payment regularity

This phrase is correct and commonly used in English.

It focuses on the frequency or consistency of payments being made.

Examples:

  • The client's payment regularity made them a reliable customer.
  • We need to ensure the payment regularity to avoid any financial issues.
  • The company's success was partly due to its payment regularity.
  • The landlord appreciated the tenant's payment regularity.
  • Maintaining payment regularity is important for cash flow management.
  • Legality and regularity of payments - adverse opinion
  • As in 1994, the Court again found that formal errors relating to the legality and regularity of payments were occurring far too frequently.
  • The report also shows that the supervisory and control systems are only partially effective in ensuring the legality and regularity of payments underlying the accounts.
  • Over the last four years, the Court of Auditors has not once given a clear endorsement of the legality and regularity of payments made by the Commission.
  • In fact, 24 hours ago, we were rejecting the 1996 discharge because the Court of Auditors could not guarantee the overall regularity of payments in the 1996 budget.
  • all the Directorates-General examined included reservations concerning the regularity of payments for the multiannual research programme and the failure to implement internal control standards (6.19);
  • (b) all the directorates-general examined included reservations concerning the regularity of payments for the multiannual research programme and the failure to implement internal control standards (6.19);
  • 5.41. Whilst the Commission welcomes the Court's acknowledgment of the improvements made, it considers that assurance can be gained as to the legality and regularity of payments made.
  • 4.30. In order to obtain reliable information on the legality and regularity of payments to final beneficiaries, the Director-General would need:
  • The COCOBU is dissatisfied with the fact that, since its first DAS opinion following the coming into force of the Maastricht Treaty, the Court of Auditors has been giving a negative opinion on the legality and regularity of payments.
  • Notes the Court of Auditors' conclusion that the supervisory and control systems for Agriculture and natural resources were, at best, partially effective in ensuring the regularity of payments;
  • whereas Decision 98/347/EC stated clearly that appropriate arrangements would be made to allow the Court of Auditors of the European Community to exercise its mission in order to verify the regularity of payments made,
  • Calls on the Commission to eliminate defects inherent in the system by revising the legislation and to improve the legality and regularity of payments by improving and intensifying its control of cost claims submitted by beneficiaries;
  • Asks the Court of Auditors for an in-depth examination of the legality and regularity of payments, in particular in the research area, which accounts for almost two thirds of the internal policy budget;
  • Is concerned by the Court of Auditors' opinion on the legality and regularity of payments underlying the accounts according to which the payments were materially affected by error;
  • Also notes that the Court of Auditors found that the Annual Activity Report and the declaration given by the Director General for Agriculture provided only partially fair assessment of financial management in relation to the regularity of payments;
  • In the case of internal policies, despite the progress made in certain areas, the Court's audit findings related to the supervisory and control systems and the underlying transactions do not provide sufficient assurance as regards the legality and regularity of payments.
  • D. Whereas the original Council Decision of 19 th May 1998 stated clearly that appropriate arrangements would be made to allow the Court of Auditors of the European Community to exercise its mission in order to verify the regularity of payments made,
  • Commissioner Siim KALLAS has recently launched an ambitious plan to ensure regularity and reliability of payments made from the EU budget.
  • Member States are required to organise on the spot visits to check the regularity of the payments.

Alternatives:

  • consistent payments
  • timely payment schedule
  • payment frequency
  • regular payment pattern
  • reliable payment behavior

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