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 Burrell and Williams talked about how their own parents and grandparents purchased burial insurance, putting aside small amounts — sometimes just 50 cents a month — to hand the agent who regularly knocked on the door and initialed their savings book to note the payment. Joseph Shapiro, NPR, 8 June 2024 Either their bank blocked the payment or the fake shop itself did not process it. Kurt Knutsson, Cyberguy Report, Fox News, 8 June 2024 On Friday, the judge approved the payment of former employees, who are owed compensation and benefits following the company’s closure. Natallie Rocha, San Diego Union-Tribune, 7 June 2024 The former president, and Mr. Biden's opponent in this year's presidential race, was found guilty on 34 felony counts of falsifying business records stemming from a hush-money payment his lawyer made to an adult film star before the 2016 election. Melissa Quinn, CBS News, 7 June 2024 See all Example Sentences for payment 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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

Dictionary Entries Near payment

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 15 Jun. 2024.

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
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!