FINAL INVOICE Meaning and
Definition
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A final invoice refers to the document issued by a seller or service provider to a buyer or client to request payment for the remaining or total amount owed after all previous invoices have been settled. It is generally sent as the concluding statement in a series of invoices issued throughout a transaction or project. The final invoice summarizes all outstanding balances, incorporating any previously made partial payments or adjustments.
This crucial document typically presents detailed information regarding the products sold, services rendered, or tasks completed, along with their corresponding costs and quantities. The final invoice also includes essential data such as the seller's or service provider's contact information, invoice number, date of issuance, and payment terms. These terms outline the due date, preferred payment method, and any applicable penalties for late payment.
Typically sent upon the completion of a transaction, undertaking, or agreement, the final invoice serves as a final notice for the buyer or client to settle the remaining financial obligation. Upon receiving the final invoice, the buyer or client is expected to make prompt payment to fulfill their financial commitment. Once payment has been received and processed, the invoice can be marked as paid, officially concluding the transaction and bringing closure to the business relationship.
Common Misspellings for FINAL INVOICE
- dinal invoice
- cinal invoice
- vinal invoice
- ginal invoice
- tinal invoice
- rinal invoice
- funal invoice
- fjnal invoice
- fknal invoice
- fonal invoice
- f9nal invoice
- f8nal invoice
- fibal invoice
- fimal invoice
- fijal invoice
- fihal invoice
- finzl invoice
- finsl invoice
- finwl invoice
- finql invoice
Etymology of FINAL INVOICE
The term "final invoice" combines two different etymologies:
1. Final: The word "final" comes from the Old French word "final" meaning "last, latest, ultimate", which is derived from the Latin word "finalis". It ultimately traces back to the Latin word "finis" meaning "end or limit".
2. Invoice: The word "invoice" originated from the Latin word "invoicare" meaning "invoke, call upon". In medieval Latin, it transformed into "invoitias", and then to "envois" in Old French, referring to a statement of payment or a bill.
So, the term "final invoice" combines the concept of a concluding or ultimate statement of payment, indicating the last or latest bill to be issued.
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