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.
Per Report Social Security Changes Position On Controversial Phone Service Cuts Interesting factoid #2: The first monthly Social Security payment was issued on January 31, 1940 to Ida May Fuller of Vermont, who had paid $24.75 into the system in 1937, 1938, and 1939. Eli Amdur, Forbes.com, 27 Mar. 2025 All this documentation will come in handy if your loan balance or payment history is reported inaccurately in the future. Annie Nova, CNBC, 26 Mar. 2025 The proposal includes the potential for another $1 million to be paid out if the Jaguars play in Orlando and make the playoffs – each home playoff game boosting the payment by $500,000. Ryan Gillespie, The Orlando Sentinel, 26 Mar. 2025 In its own readout, the Kremlin said the Black Sea truce would come into effect only once the U.S. had lifted sanctions on its fertilizers and agricultural trade while expanding access to ports and payment systems. Paul Du Quenoy, MSNBC Newsweek, 26 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 2 Apr. 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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