one-time payment
/əʊnˈtaɪm pɛɪmənt/ · one·time·pay·ment
noun
- A payment made only once, as opposed to recurring payments. The company offers a one-time payment option for customers who want to pay off their balance in full.
- A payment made in a single transaction, as opposed to multiple transactions. The online store allows customers to make a one-time payment for their purchase.
adjective
- Relating to or involving a payment made only once. The one-time payment plan is a great option for customers who want to avoid recurring fees.
Did you know? The concept of one-time payments has been around for centuries, with ancient civilizations using it to settle debts and make transactions. Today, it remains a common practice in modern commerce.