# Partial Payment

**IRI:** https://folio.openlegalstandard.org/RBDU1zRCWrr3tJVgsMAPGIE

## Labels

**Preferred Label:** Partial Remittance

**Alternative Labels:**

- Fractional Payment
- Incomplete Payment
- Underpayment

## Definition

Partial Payment refers to a financial transaction where only a portion of the total amount due has been paid. This status indicates that the obligation is not yet fully satisfied and includes arrangements such as installment payments.

## Sub Class Of

- https://folio.openlegalstandard.org/RCqCSXkXFjhbokGf5IHmJ6a

## Parent Class Of

- https://folio.openlegalstandard.org/RB7sovYVotPFWQuKYqbM9NP

**Deprecated:** False