conditional payment
[/kənˈdɪʃənəl ˈpeɪmənt/]
nounpl: conditional payments
pagamento condicional
1. A payment made subject to the fulfillment of certain conditions or stipulations that must be satisfied before the payment is released or finalized
The conditional payment was withheld until the contractor completed all required inspections.
O pagamento condicional foi retido até que o empreiteiro completasse todas as inspeções obrigatórias.
2. In legal and commercial contexts, a monetary transaction where the obligation to pay depends upon the occurrence or non-occurrence of a specified event
The buyer agreed to a conditional payment structure linked to the product's performance metrics.
O comprador concordou com uma estrutura de pagamento condicional vinculada às métricas de desempenho do produto.
3. A payment arrangement where funds are released progressively based on the completion of agreed-upon milestones or conditions
The software development project used conditional payments tied to each phase of completion.
O projeto de desenvolvimento de software utilizou pagamentos condicionais vinculados a cada fase de conclusão.
Conditional payments are widely used in Brazilian and American commercial practices, particularly in construction, software development, and international trade. In Brazil, the term 'pagamento condicional' is essential in contract law and business negotiations. The concept reflects risk management practices where parties protect themselves by tying payment to specific deliverables or performance metrics. This arrangement is especially common in construction contracts (pagamento por etapas/phases) and is regulated by Brazilian civil law and commercial codes.
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