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.
But one of the issues in the debate is that House Speaker Matt Ritter of Hartford — a key budget negotiator — has called for making highly visible tax relief that could come in the form of direct payments. Christopher Keating, Hartford Courant, 18 Feb. 2025 Before pursuing an eviction, CHA works with residents who are behind on rent by setting up payment plans, referring them to financial counseling and nonprofit legal services and searching for rental assistance funds, the authority said. Lizzie Kane, Chicago Tribune, 18 Feb. 2025 Meanwhile, 14 attorney generals have challenge DOGE's authority to access sensitive data at the Treasury payment systems in a lawsuit filed on Thursday. Josh Hammer, Newsweek, 18 Feb. 2025 But Mexicans living in the United States will continue to send remittances, so a far greater proportion of the payments will likely begin to flow through Chinese underground banking systems. Vanda Felbab-Brown, Foreign Affairs, 17 Feb. 2025 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 22 Feb. 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
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