Entry Word: payment

Function: noun

Meaning: 1 the act of offering money in exchange for goods or services <they are very prompt in the payment of their credit card bills>

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

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

Near Antonyms underpayment

Antonyms nonpayment, repudiation

2 something (as money) that is given or received in return for goods or services <their payment for mowing the lawn was $20> <we finally mailed our last car payment last week>

Synonyms compensation, consideration, pay, recompense, remittance, remuneration, requital

Related Words salary, stipend, wage(s); disbursement, expenditure, outlay; rebate, refund; indemnity, recoupment, redress, reparation, restitution; adjustment, settlement; deposit; reimbursement, repayment; prepayment; overpayment; rent, rental

3 the money paid regularly to a person for labor or services <your payment will be issued as a weekly check> — see wage