payment

pay·ment

noun \ˈpā-mənt\

Definition of PAYMENT

1

: the act of paying

2

: something that is paid : pay

3

: requital

Examples of PAYMENT

1. Payment is due on the first of every month.
2. Prompt payment of your bill ensures that you will not have to pay any additional fees.
3. We require payment in advance for all goods purchased.
4. a payment plan to reduce your debt
5. cash, credit cards, and other methods of payment
6. Our records show that we received a payment of $215.36 in May.
7. Buy this product for three easy payments of only $19.95!
8. It took me five years to pay off the car, but I never missed a payment.
9. making payments on a loan
10. The credit card company just increased the penalty on late payments.

First Known Use of PAYMENT

14th century

Related to PAYMENT

Synonyms: compensation, disbursement, giving, paying, remitment, remittance, remuneration

Antonyms: nonpayment

Related Words: rendering, tendering; reimbursement, repayment; paying off, paying up, prepayment; overpayment

Near Antonyms: underpayment

see all synonyms and antonyms

[+]more[-]hide

Rhymes with PAYMENT

claimant, clamant, raiment