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.
The tax department needs to ensure that these taxability rules are applied correctly, that transaction data is collected and reported and that payments are submitted to the appropriate government tax authorities. Sal Visca, Forbes.com, 18 June 2025 Depp’s camp said the deal includes a $1 million payment from her to him to settle all financial claims. Stephanie Nolasco, FOXNews.com, 18 June 2025 Scooping up Discover gave Capital One, a credit card lender, the ability to tap into Discover’s payments ecosystem. John Kell, Fortune, 18 June 2025 In a May 6 letter, a USDA adviser told states the department would be collecting the names, birth dates, Social Security numbers and addresses of SNAP recipients and applicants from the past five years from states' third-party electronic benefits transfer (EBT) payment processors. Jude Joffe-Block, NPR, 18 June 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 23 Jun. 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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