short-pay
verbEtymology From short + pay, parallel to compounds such as shortchange. Attested in financial and employment contexts since at least the early 20th century.
1
Accounting, Business, Finance To pay (someone) less than the amount that is owed; to underpay through error, omission, or miscalculation.
- A short payment occurs when a customer underpays their invoice... At times, a customer may short pay an invoice as part of a cash flow management strategy, choosing to pay less than the full amount to minimize their outflow of money.2023 December 15, Shaun Jex, “How to Handle Short Payments”, in Quadient:
- Related terms
- short-paid, short payment