staged payment
[/steɪdʒd ˈpeɪmənt/]
nounpl: staged payments
pagamento parcelado / pagamento em etapas
1. A payment plan where money is paid in multiple installments at different predetermined times or upon completion of specific milestones, rather than as a lump sum
The construction project used a staged payment system, with payments released upon completion of each phase.
O projeto de construção utilizou um sistema de pagamento em etapas, com valores liberados ao término de cada fase.
2. In real estate and construction, payments made at different stages of development or work completion
The buyer agreed to a staged payment schedule: 20% at signing, 30% at foundation completion, and 50% at final delivery.
O comprador concordou com um cronograma de pagamento em etapas: 20% na assinatura, 30% na conclusão da fundação e 50% na entrega final.
Staged payments are particularly common in Brazil's real estate and construction industries due to the extended timelines of major projects. This payment structure protects both buyers and sellers, ensuring work quality at each phase before subsequent payments are released. In the USA, this is standard practice in construction contracts and property development.
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