payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms of payment

• paying

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

These payment methods can be fast, and some are hard to reverse. — Kurt Knutsson, FOXNews.com, 5 July 2026

Utility regulators in more than half the states have asked for limits to be put on the payment. — Edmund H. Mahony, Hartford Courant, 5 July 2026

If the first day falls on a weekend or federal holiday, the payment is sent on the last business day of the previous month instead. — Sydney Topf, The Washington Examiner, 4 July 2026

The group includes names from an array of sectors, including retail and consumer goods to technology and payments. — Liz Napolitano, CNBC, 5 July 2026

Word History

First Known Use

14th century, in the meaning defined at sense 2

Phrases Containing payment

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

Rhymes for payment

• claimant
• copayment
• embayment
• nonpayment
• prepayment
• repayment
• overpayment
• underpayment

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