payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms

• paying

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 biggest drawdowns on those reserves were to make extra pension payments designed to keep the four major pension funds afloat and reduce payments in the long term. —A.d. Quig, Chicago Tribune, 30 June 2025

The conflict escalated rapidly after Canada's Finance Department confirmed Friday that companies would still be required to make their first digital tax payments Monday, despite ongoing negotiations. —Adeola Adeosun, MSNBC Newsweek, 30 June 2025

To purchase an item, Luckin customers browse the coffee store's menu and make payments directly online. —Anne Marie D. Lee, CBS News, 30 June 2025

The dividend payments may be the only upside equity investors experience when stock prices are falling. —Catherine Brock, Forbes.com, 30 June 2025

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

Rhymes for payment

• claimant
• copayment
• embayment
• nonpayment
• prepayment
• repayment
• overpayment
• underpayment

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