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.
No government organization will contact someone via text message to pay a bill or ask for payments through a Bitcoin ATM. Arkansas Online, 4 Oct. 2025 The Republican bill did crack down on that practice but California − which has put new restrictions and payments on its Medi-Cal plan for undocumented immigrants − maintains that effort is paid for out of state funds, not federal money (because it's prohibited). Todd Spangler, Freep.com, 4 Oct. 2025 Purchasing a house allows owners to build wealth over time by making mortgage payments to reduce the loan principal and increase the owner’s stake in the home until, ideally, it’s owned outright. Sydney Lake, Fortune, 3 Oct. 2025 Penn would have to make $511 monthly payments over 72 months, reflecting an interest rate of 28%. Tony Schick, ProPublica, 3 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 7 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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