interim payment
A payment on account of any damages, debt or other sum which a defendant may be held liable to pay to or for the benefit of a claimant.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • interim payment — ➔ payment * * * interim payment UK US noun [C] ► an amount of money that is paid before the total amount of money owed is decided: »Workers injured in the fire have not received any compensation other than the interim payments of £10,000 each… …   Financial and business terms

  • interim payment — temporary payment, advance …   English contemporary dictionary

  • interim payment — /ˌɪntərɪm peɪmənt/ noun a payment of part of a dividend …   Dictionary of banking and finance

  • interim — in‧ter‧im [ˈɪntərɪm] adjective [only before a noun] 1. intended to be used or accepted for a short time only, until something final can be made: • an interim payment of £15,000 • an interim pay offer …   Financial and business terms

  • payment into court — In litigation, the defendant may make an offer that he feels the plaintiff ought to accept. There is a procedure whereby this is paid into court . If the plaintiff thereafter continues the proceedings, but obtains less damages than the amount… …   Law dictionary

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • interim dividend — The declaration and payment of a dividend prior to annual earnings determination. Bloomberg Financial Dictionary A dividend declared part of the way through a company s financial year, authorised solely by the directors. Exchange Handbook… …   Financial and business terms

  • interim — I UK [ˈɪntərɪm] / US adjective [only before noun] 1) intended to last or perform an activity only until someone or something permanent or final is available an interim government/president/report interim payment (= part of the full amount paid in …   English dictionary

  • interim — in|ter|im1 [ ıntərım ] adjective only before noun 1. ) intended to last or perform an activity only until someone or something permanent or final is available: an interim government/president/report interim payment (=part of the full amount paid… …   Usage of the words and phrases in modern English

  • interim — 1 adjective (only before noun) an interim arrangement, report, payment etc is used or accepted temporarily, until a final or complete one is made; provisional: an interim report | He received an interim payment of 10,000. 2 noun in the interim in …   Longman dictionary of contemporary English

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