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payment extension
[/ˈpeɪmənt ɪkˈstenʃən/]
noun
pl: payment extensions
prorrogação de pagamento
1.
An agreement to delay the payment of a debt or obligation beyond its original due date
The company requested a payment extension due to cash flow issues.
A empresa solicitou uma prorrogação de pagamento devido a problemas de fluxo de caixa.
2.
Additional time granted to a debtor to settle their financial obligations
The bank approved a 30-day payment extension for the mortgage.
O banco aprovou uma prorrogação de pagamento de 30 dias para a hipoteca.
Synonyms
extension of payment
payment deferral
grace period
postponement of payment
Antonyms
immediate payment
early payment
on-time payment
Regional Variations
General Brazilian
prorrogação de pagamento
Most common term in Brazilian Portuguese for business and financial contexts
General Brazilian
adiamento de pagamento
Alternative term, slightly more formal
Portugal
prorrogação do pagamento
Standard usage in Portuguese financial terminology
Portugal
dilação de pagamento
Legal term used in contracts
Related Idioms & Phrases
ask for an extension
grant a payment extension
extend the deadline
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