Quick Answer: What Is The Opposite Of Upfront Payment?

What is the meaning of upfront cost?

A fee paid before a good is produced or a service is performed.

The upfront fee is generally a portion of the total fee that the buyer must pay.

For example, one may commission an artist to paint a portrait and pay a 20% upfront fee, paying the remainder when the portrait is finished.

It is also called an advance fee..

How do you politely ask for a deposit?

Be clear about how much you need for a deposit and why. That will eliminate most pushback.Know what you can legally ask for. … Be consistent and build the deposit into your sales model. … Discuss the deposit as part of the overall payment plan. … Prepare to stand firm. … Be creative. … Choose your payment method.More items…

How do you ask for payment without being rude?

To request payment professionally, it’s important to first make sure there was no error or miscommunication about the invoice. Send a polite email to your client explaining that the payment is now past due and ask to make sure they received the initial invoice and there were no problems with it.

Should you pay an upfront fee for a loan?

But beware—it could be a crook trying to steal your money, not lend you money. Don’t pay upfront. … Many of these scammers tell you the up-front fee is for “insurance,” “processing,” or “paperwork.” Normal lenders charge application, appraisal, or credit report fees but do not require you to pay up-front for the loan.

What is the opposite of paying in arrears?

Payment in advanceThe amount in arrears is the amount of the account payable that should have been paid as of the earlier due date. Payment in advance is the opposite of payment in arrears.

What is another word for Bill?

What is another word for bill?invoicestatementaccountchecktabchargestallycostsreceiptreckoning23 more rows

What is another word for fee?

What is another word for fee?chargecostemolumentpaytollfigureremunerationstipendaccountallowance182 more rows

What are upfront decisions?

Adj. 1. upfront – frank and honest; “he was upfront about his intentions” direct – straightforward in means or manner or behavior or language or action; “a direct question”; “a direct response”; “a direct approach”

What are two synonyms of upfront?

Upfront Synonyms – WordHippo Thesaurus….What is another word for upfront?directfrankstraightforwardcandidhonestopenstraightbluntforthrightclear99 more rows

What does upfront mean?

adjective Also upfront . invested or paid in advance or as beginning capital: an up-front fee of five percent and an additional five percent when the job is done. honest; candid; straightforward: He’s very up-front about discussing his past.

How arrears are calculated?

Arrears for an employee is calculated as follows: The current amount updated in the Salary Information is considered and then, calculated from the end of the previous month upto the specified Arrears Date. From this amount, the amount that is paid until the arrears effective date is subtracted.

What does it mean when you are paid in arrears?

Payment in arrears can refer to the practice of compensating a service provider after the terms of the agreement has been met. This use of arrears accounting indicates that payment will be made at the end of a certain period, rather than in advance. The same terms apply to arrears payroll.

What is the antonym of payment?

What is the opposite of payment?penaltypunishmentconsequencesanctionfinepenalizationreparationsentenceamercementforfeit7 more rows

What is an upfront payment called?

An upfront payment is a method of transaction in which a client pays for part, or sometimes all, of a project or commission before it is completed. Think of it as a deposit.

What is a payment called?

The party making a payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: the use of money, cheque, or debit, credit or bank transfers.

What is the opposite of upfront?

upfront(adj) frank and honest. “he was upfront about his intentions” Antonyms: indirect.

How do you use the word arrears?

Arrears sentence examplesArrears of land tax to the extent of E.I,245,000 were cancelled. … Arrears of debt, for instance, were made recoverable for one year only, instead of the ten years. … The arrears increase every year; one-fifth of the inhabitants have left their houses; cattle are disappearing.More items…

What is an upfront special?

For the uninitiated, an “upfront” is an event that TV networks host with stars and creators of all of their upcoming content to showcase their value to advertisers. Since large in-person gatherings are ill-advised currently, networks will have to get creative with their upfront presentations.