What is the term for making payments in stages throughout the term of the grant?

The term for making payments in stages throughout the term of the grant is interim payments. This method allows for the gradual release of funds as project milestones are achieved or specific criteria are met, rather than providing the entire grant amount upfront. This approach helps to manage cash flow for both the grant recipient and the funding agency, ensuring that resources are utilized effectively over the life of the project. Interim payments allow for oversight and accountability, as they can be tied to progress reports or deliverables, thereby facilitating a structured and monitored implementation of the project.