payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
1
: the act of paying
2
: something that is paid : pay
3

Examples of payment in a Sentence

Payment is due on the first of every month. Prompt payment of your bill ensures that you will not have to pay any additional fees. We require payment in advance for all goods purchased. a payment plan to reduce your debt cash, credit cards, and other methods of payment Our records show that we received a payment of $215.36 in May. Buy this product for three easy payments of only $19.95! It took me five years to pay off the car, but I never missed a payment. making payments on a loan The credit card company just increased the penalty on late payments.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Inflation, among the most prevalent concerns in today's economy, is one extra factor borrowers may have to navigate in addition to restarting student loan payments and, potentially, catching up on former defaults. Paul Du Quenoy, Newsweek, 1 Jan. 2025 Social Security payments for most recipients come out each month on a Wednesday. Mike Snider, USA TODAY, 31 Dec. 2024 State Farm is one of our top choices for whole life insurance, with plans that offer a variety of payment options and riders like a waiver of premium, an accelerated death benefit and the option to add a child’s term policy. Brian Sloan, CNBC, 31 Dec. 2024 The cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool. Tanya Wildt, Detroit Free Press, 31 Dec. 2024 See all Example Sentences for payment 

Word History

First Known Use

14th century, in the meaning defined at sense 1

Time Traveler
The first known use of payment was in the 14th century

Dictionary Entries Near payment

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 5 Jan. 2025.

Kids Definition

payment

noun
pay·​ment ˈpā-mənt How to pronounce payment (audio)
1
: the act of paying
2
: money given to pay a debt
3

More from Merriam-Webster on payment

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!