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.
What To Know Propel surveyed 2,463 active SNAP users between October 20 and 21, 2025, to assess how a potential delay in SNAP payments would impact them. Aliss Higham, MSNBC Newsweek, 25 Oct. 2025 Whether this technology becomes the primary corporate payment infrastructure depends largely on performance during economic stress periods. Matthew Kayser, USA Today, 24 Oct. 2025 Those enhanced credits are slated to expire at the end of this year absent action by Congress, with estimates predicting that premium payments for ACA plan participants could more than double as a result. Morgan Chalfant, semafor.com, 24 Oct. 2025 Supplemental Security Income payments, meanwhile, are typically issued on the first of the month, unless that falls on a weekend or federal holiday. Maia Pandey, jsonline.com, 24 Oct. 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 29 Oct. 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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