paymentprojection
nounUK /ˈpeɪmənt prəˈdʒɛkʃən/
US /ˈpeɪmənt prəˈdʒɛkʃən/
A payment projection is a guess about when and how much money you will pay later.
The bank made a payment projection to show how much I will owe each month.
RELATED WORDS
OTHER MEANINGS
2. A chart or report that shows expected future payments.
The payment projection on the screen showed rising costs next year.
3. The act of planning ahead for money you must pay.
Good payment projection helped the family avoid late fees.
4. An estimate of when a bill will be paid.
Our payment projection says the invoice will be settled by Friday.