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

Stringer was the only candidate who received the Campaign Finance Board’s first public matching funds payment on Dec. 16, netting him $2 million for a total cash balance of $2.3 million. —Chris Sommerfeldt, New York Daily News, 13 Jan. 2025

People who receive the refunds should cash their check within 90 days or redeem their PayPal payment within 30 days, according to the agency. —Kate Gibson, CBS News, 13 Jan. 2025

The proposal would finish phasing in controversial changes CMS began implementing in 2023 that are aimed at making payments to plans more accurate. —Maya Goldman, Axios, 13 Jan. 2025

Update any automatic payments with your new card number. —Fernanda Galan, Sacramento Bee, 13 Jan. 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

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