"payment" vs "arrangement"

Question

"payment" vs "arrangement"

The two phrases, 'payment' and 'arrangement', are not directly comparable as they have different meanings and are used in different contexts. 'Payment' refers to the act of paying for something, while 'arrangement' refers to an agreement or plan. They are not interchangeable and are used in distinct situations.

Last Updated: March 22, 2024

Use 'payment' when referring to the act of giving money in exchange for goods or services. It is a common term in financial transactions.

Examples:

Please make the payment by the end of the month.
The payment for the services rendered is due upon receipt of the invoice.

Alternatives:

transaction
settlement
remittance
disbursement
compensation

Use 'arrangement' when referring to an agreement or plan that has been made, such as a financial arrangement or a business arrangement.

Examples:

We have an arrangement with the supplier for monthly deliveries.
The payment arrangement was agreed upon by both parties.

Alternatives:

agreement
deal
contract
compact
understanding

Answer 1

payment

The term 'payment' is correct and commonly used in English to refer to the act of paying for goods or services.

Answer 2

arrangement

The term 'arrangement' is correct and commonly used in English to refer to an agreement or plan made between parties.

"payment" vs "arrangement"

payment

arrangement

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