Definition of progress payment

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TeachMeFinance.com - explain progress payment



progress payment -- see draw.

draw -- the disbursal of a portion of a construction loan after a certain stage of completion. Also called a progress payment.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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