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What is another word for progress payment?

Pronunciation: [pɹˈə͡ʊɡɹɛs pˈe͡ɪmənt] (IPA)

Progress payment refers to the payment made to the contractor at various stages of the project completion. It is a crucial component of construction projects and is essential for ensuring cash flow to meet expenses during construction. Some synonyms for the term "progress payment" are "advance payment," "interim payment," "partial payment," and "stage payment." These terms denote the payment made to the contractor during different phases of the project, allowing them to cover costs and keep the work going. Other related terms include "installment payment," "milestone payment," and "retainer payment." The use of these synonyms can help in clarifying the payment structure and avoiding confusion during contract negotiations.
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What are the hypernyms for Progress payment?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

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