money that is paid by a defendant to a claimant in advance of a final settlement or award of damages. The sum is then deducted from the final settlement or award.
He made an interim payment of $20,000 as part of a deal aimed at reducing costs.
money that is paid in advance of the final payment. The sum is then deducted from the final payment.
Interim payments shall be made no more than once every two weeks for each delivery order.