English
[edit]Alternative forms
[edit]Etymology
[edit]From short + pay, parallel to compounds such as shortchange. Attested in financial and employment contexts since at least the early 20th century.
Verb
[edit]short-pay (third-person singular simple present short-pays, present participle short-paid, simple past and past participle short-payed)
- (finance, accounting) To pay (someone) less than the amount that is owed; to underpay through error, omission, or miscalculation.
- Synonyms: shortchange, underpay
- 2023 December 15, Shaun Jex, “How to Handle Short Payments”, in Quadient[1]:
- A short payment occurs when a customer underpays their invoice... At times, a customer may short pay an invoice as part of a cash flow management strategy, choosing to pay less than the full amount to minimize their outflow of money.
Related terms
[edit]Retrieved from "https://en.wiktionary.org/w/index.php?title=short-pay&oldid=88248290"
