short payment
nounEtymology From short + payment, patterned after financial terms such as underpayment and shortfall.
1
Accounting, Business, Finance A payment that is less than the full amount owed; an underpayment resulting from error, adjustment, or deduction.
- At times, a short payment may simply be the result of human error. This is particularly true for customers who manually process their accounts payable. A simple keystroke mistake or typo could result in the payment amount being wrong.2023 December 15, Shaun Jex, “How to Handle Short Payments”, in Quadient:
- Related terms
- short-pay, short-paid