periodic payments
/pɪˈriːɒdɪk ˈpeɪmənts/ · pe·ri·od·ic pay·ments
noun
- recurring payments made at fixed intervals, such as monthly or quarterly installments The company offers a financing plan with periodic payments of $100 per month.
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Did you know? The concept of periodic payments has been around for centuries, with ancient civilizations such as the Babylonians and Egyptians using similar systems to manage debts and financial obligations. Today, periodic payments are a common feature of modern finance, used in everything from credit card bills to mortgage payments.