bill-payment

Vocabulary Word

Definition

'Bill-payment' is the process of paying fees or dues for services or goods consumed. You probably do it every month, like paying for your cell phone or internet.

Examples in Different Contexts

Automatic bill payment services automatically withdraw funds to pay recurring bills, ensuring payments are never missed. A personal finance advisor might recommend, 'Setting up automatic bill payments for your utilities can help manage your budget more effectively and avoid late payments.'

Practice Scenarios

Marketing

Scenario:

Our Facebook ads campaign is generating a robust engagement. Should we consider extending our contract with the advertising agency?

Response:

If the results are significant, extending the contract sounds like a good idea. I'll start processing the bill-payment.

Tech

Scenario:

We are getting close to our storage limit on the cloud server. And the speed is noticeably slower too. What do you suggest?

Response:

It's probably time we increased our cloud storage capacity. I'll take care of the bill-payment.