payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms

• compensation
• disbursement
• giving
• paying
• remitment
• remittance
• remuneration

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

The district’s current $9.9 billion budget was approved without accounting for its cost, nor a contentious pension payment previously funded by the city, by a prior slate of board members in July. —Sarah MacAraeg, Chicago Tribune, 14 Dec. 2024

Last month, Trump’s transition team conducted an internal review of consulting agreements involving allegations that Epshteyn was seeking payment to promote those interested in potential administration jobs. —Joanne Haner, The Hill, 13 Dec. 2024

Who's entitled to payment in the ParkMobile settlement? —Jalen Williams, Detroit Free Press, 13 Dec. 2024

Changes included updating payment practices and addressing concerns around children's privacy. —John Tufts Eric Lagatta indianapolis Star, The Indianapolis Star, 13 Dec. 2024

Word History

First Known Use

14th century, in the meaning defined at sense 1

Phrases Containing payment

• balloon payment
• co-payment
• down payment
• in payment
• on payment of
• stop payment
• transfer payment

Kids Definition

payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: money given to pay a debt

3

: pay entry 2 sense 2