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.
Indiana House Bill 1448, authored by Rep. Hal Slager, R-Schererville, addresses issues with supplemental payments that were added into state law during the 2019 session. Maya Wilkins, Chicago Tribune, 25 Jan. 2025 But that’s not what’s happening here; Trump is seeking a full withdrawal and a halt to all payments, which will put an appreciable dent in the agency’s budget. New York Daily News Editorial Board, New York Daily News, 25 Jan. 2025 Private equity players, meanwhile, are increasingly looking to cross-border payments as an attractive investment option. Daniel Webber, Forbes, 24 Jan. 2025 In the meantime, agents say that buyers reliant on financing may need to find creative ways to make their monthly payment more affordable, such as a rate buy-down or pooling resources with friends. Kate Talerico, The Mercury News, 24 Jan. 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 30 Jan. 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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