A partial payout is one that is smaller than the whole amount owed. Part payment, installment payment, down payment, or upfront payment are other words for partial payment.
When can Partial Pay befall?
Partial pay can be transpired in the following cases:
Take over business and merger(s) [security deposit]
Car deals (token of confirmation deal)
Estate agency / Real Estate Businesses (token money for making deal confirmed before final payment, this is used as presale confirmation)
Service Order(s) [prepayment made before service use; after complete service, the remaining amount is paid]