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From Wiktionary, the free dictionary

English

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Alternative forms

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Etymology

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From short +‎ pay, parallel to compounds such as shortchange. Attested in financial and employment contexts since at least the early 20th century.

Verb

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short-pay (third-person singular simple present short-pays, present participle short-paid, simple past and past participle short-payed)

  1. (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

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