payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms

• compensation
• disbursement
• giving
• paying
• remitment
• remittance
• remuneration

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

The firm, which tracks spending across all payment types, said retail sales rose 3.8% between Nov. 1 and Dec. 24, compared with the same period a year ago. —Yun Li, CNBC, 26 Dec. 2024

However, the majority of retirees do not receive the maximum amount, so payments could be lower than this amount. —Tom Rogers, Newsweek, 26 Dec. 2024

The Source Defense Research posting included screenshots showing the malicious payment page alongside the real one, but employing a domain-spoofing technique with a different top-level domain used. —Davey Winder, Forbes, 26 Dec. 2024

The payment seemingly emboldened attackers to hit health care targets at an even greater rate than usual. —Lily Hay Newman, WIRED, 26 Dec. 2024

Word History

First Known Use

14th century, in the meaning defined at sense 1

Phrases Containing payment

• balloon payment
• co-payment
• down payment
• in payment
• on payment of
• stop payment
• transfer payment

Kids Definition

payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: money given to pay a debt

3

: pay entry 2 sense 2