payment-inquiry

Vocabulary Word

Definition

The phrase 'payment inquiry' is a professional way to describe a question or a request for information about a payment. This could be about its status, the method used, or any issues that might have occurred.

Examples in Different Contexts

In banking, 'payment inquiry' refers to investigating the status of a payment. A banker could state, 'For your payment inquiry, let me check the transaction details.'

Practice Scenarios

Business

Scenario:

This vendor has been delayed in delivering our order. I'm getting concerned about our pre-payment to them.

Response:

Good point. I'll send a payment inquiry to the vendor to ascertain the situation.

Accounting

Scenario:

It's the end of the quarter and we still have several outstanding invoices. We need to follow up on these.

Response:

Absolutely. Let's send a payment inquiry to clear the outstanding invoices.