Sort of step many debtors neglect to make (8)

I believe the answer is:

payments

I'm a little stuck... Click here to teach me more about this clue!

'debtors neglect to make' is the definition.
I can't tell whether this defines the answer.

'sort of step many' is the wordplay.
'sort of' is an anagram indicator.
'step'+'many'='stepmany'
'stepmany' with letters rearranged gives 'PAYMENTS'.

Can you help me to learn more?

(Other definitions for payments that I've seen before include "contributions" , "financial gains" , "fees?" , "Remittances" , "Acts of defrayal" .)

I've seen this clue in The Globe and Mail.

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