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The Partial Payment Receipt is a crucial document in Philippine business and financial transactions where full payment is not made at once. This document, compliant with the Civil Code of the Philippines and local commercial regulations, serves as official evidence of partial payment toward a larger obligation. It protects both parties by clearly documenting the amount paid, remaining balance, and payment terms. The receipt is commonly used in various scenarios including installment purchases, debt settlements, and contract payments where staged payments are involved. It should include complete identification of parties, payment details, and remaining obligations, with optional elements such as payment schedules or collateral information when applicable.

1. Receipt Number and Date: Unique identifier for the receipt and date of payment

2. Payor and Payee Details: Complete names and contact information of both parties

3. Original Debt Information: Details of the total amount owed and its nature/purpose

4. Payment Details: Amount paid, mode of payment, and reference numbers

5. Remaining Balance: Clear statement of the outstanding amount after this partial payment

6. Authentication: Signatures of both parties and witness if required