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Words used to describe payments and funding sources

cash-in-hand

adjective

a cash-in-hand-payment is made with coins and notes so that there is no record of it

cashless

adjective

done without any exchange of cash

Chip and Pin

noun

a system of paying for something using a credit or debit card that has information stored on it on a microchip. You put your PIN number (=a set of 4 numbers) into a machine with the card to prove who you are, instead of signing.

clear

adjective

left after taxes, charges, or costs have been paid

compensatory

adjective

paid as compensation to someone who has suffered injury or loss

crowdfunding

noun

the process of getting a large group of people to finance a particular project, especially by using a website where people can make contributions

ex gratia

adjective

an ex gratia payment is made because you are grateful or generous, not because of a legal obligation

flat

adjective

a flat rate or amount is the same in all situations, so that you do not pay more or less

hourly

adjective

relating to one hour of work

non-refundable

adjective

if the money that you pay for something is non-refundable, it will not be given back to you

overdue

adjective

a payment that is overdue should have been paid before now

PPC

adjective

pay per click: in Internet advertising, describes a system in which the company advertising pays the company who owns the website only when their advert is clicked

prepaid

adjective

something that is prepaid has already been paid for, and so you do not need to pay at the time when you use it

prepay

adjective

using a system in which you pay for something before the time when you use it

privately

adverb

by people who provide money themselves, rather than by governments

pro rata

adjective, adverb

calculated according to the individual situation

publicly

adverb

by the government, or by people in general

returnable

adjective

a returnable amount of money is one that you get back if something that you use or borrow is still in good condition when you have finished using it

stipendiary

adjective

given as a stipend, or receiving a stipend

towards

preposition

in order to help to pay for something

tributary

adjective

paid as a tribute

unearned

adjective

not resulting from work that you have done

unpaid

adjective

not yet paid for, or not yet paid to someone

unsatisfied

adjective

not paid, although payment has been officially ordered

up front

adverb

if you pay for work or goods up front, you pay for them before you receive them

pay-as-you-go

adjective

reimbursable

adjective

at someone’s expense

used for saying who pays for something

by the hour

based on an hour of work

for services rendered

in exchange for work that you have done for someone

in arrears

taxes and salaries that are paid in arrears are paid at the end of a period of time. If they are paid at the beginning of a period of time, they are paid in advance.

in kind

payments, benefits etc in kind are in the form of goods or services instead of money

on the nail

if you pay on the nail, you pay immediately

hostile architecture

the design of buildings or public spaces in a way which discourages people from touching, climbing or sitting on them …

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boots on the ground

a situation in which a country's armed forces are physically present in an area of conflict …

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