/taɪm ʌv ˈpeɪmənt/ – Phrase
Definition: thời hạn thanh toán.
A more thorough explanation: Time of payment refers to the specific point in time when a payment is due or required to be made under a contract or agreement. It is the designated time when the party obligated to make a payment must do so in accordance with the terms and conditions outlined in the contract. Failure to make a payment at the specified time may result in penalties, interest charges, or other consequences as provided for in the agreement.
Example: The contract specifies that the time of payment for services rendered shall be within 30 days of the invoice date.