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.
Martinez has repeatedly said the pension payment is the city’s responsibility and has encouraged board members to put the available money toward the contract. Nell Salzman, Chicago Tribune, 14 Mar. 2025 The payment, which was reported Thursday by Reuters, citing a regulatory filing, comes just months after the two sides agreed to settle Smartmatic’s defamation claim stemming from Newsmax’s coverage of the presidential contest. Dominick Mastrangelo, The Hill, 14 Mar. 2025 Truist initiates Waystar as buy Truist said shares of the healthcare payment tech company are attractive. Michael Bloom, CNBC, 14 Mar. 2025 The attorneys are calling for the immediate release of detainees, refunds for bond payments and weekly reports on immigration arrests. Monica Eng, Axios, 14 Mar. 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

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 24 Mar. 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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!