finalpayment
nounUK /ˈfaɪnəl ˈpeɪmənt/
US /ˈfaɪnəl ˈpeɪmənt/
The last money you give to pay for something.
We made the final payment on our new car today.
RELATED WORDS
OTHER MEANINGS
2. The last amount paid to finish a debt or loan.
After the final payment, the loan was fully closed.
3. The concluding sum paid to complete a purchase or contract.
The builder received the final payment once the house was finished.
4. The last part of a series of scheduled payments.
Her final payment for the phone plan is due in June.