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 Omar, 35, declined to speak to a reporter in February after a hearing in which his attorney was allowed to quit the case due to a lack of payment. James Queally, Los Angeles Times, 11 Apr. 2024 His old mortgage rate was 2.4%; the offer would increase that to 7.1% with payments $700 a month higher. Quil Lawrence, NPR, 11 Apr. 2024 The payment jumps $188 or 4% in the blink of an eye. Jeff Lazerson, Orange County Register, 11 Apr. 2024 The payment of prize money will depend upon the World Athletics ratification process, including athletes undergoing and clearing the usual anti-doping procedures, the federation said. Mark Schoifet, Fortune Europe, 11 Apr. 2024 With the license terminated, Cummings will likely lose out on seeing those royalty payments. Ethan Millman, Rolling Stone, 11 Apr. 2024 The store’s other employees typically get a cut of lottery prize bonus payments too, said Jonathan Polonsky, CEO and president of Plaid Pantry. Claire Rush, Fortune, 10 Apr. 2024 Ticketmaster says common scams include asking for an Amazon Gift Card, iTunes Gift Card, money order or any other third-party gift card as a form of payment in exchange for tickets. Howard Cohen, Miami Herald, 10 Apr. 2024 Forty percent of those who claim parents as dependents are financially supporting their parents because their parents’ savings, investments, and income, including Social Security payments, don’t cover the current cost of living, Caring.com said. Medora Lee, USA TODAY, 10 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 19 Apr. 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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