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.
What's next: Rise plans to broaden beyond contractor payments and into payroll starting next year — going up against the likes of ADP or Workday with products like taxes, health care benefits included in the platform. Lucinda Shen, Axios, 20 Nov. 2024 The toll readers have a lower administrative cost than payment through a license plate account or returning a payment with an invoice through the mail. Grant Stringer, The Mercury News, 19 Nov. 2024 Russell Wilson was benched by the Denver Broncos last year to prevent a potential $37 million payment, and former Las Vegas Raiders QB Derek Carr was kept on the sidelines two years ago to avoid triggering a $33 million injury clause. Eric Jackson, Sportico.com, 18 Nov. 2024 The guild, in a lawsuit filed in California federal court on Monday, sued UFO Pictures to enforce payment of a $163,000 arbitration award intended to pay talent additional compensation on Beyond the Law. Winston Cho, The Hollywood Reporter, 18 Nov. 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 25 Nov. 2024.

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
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