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.
More than half of the funds were transferred as fake payments to vendors, or accounts in the names of real companies that were actually controlled by Power, Grant said. Sharon Bernstein, Sacbee.com, 21 Nov. 2025 Deposit $10 or more in cash using instant bank transfer, Apple Pay, PayPal, credit card, debit card or any other available payment method. Tyler Everett, MSNBC Newsweek, 21 Nov. 2025 The new debt collector isn't required to honor a plan made with a different company, though some may be willing to match it if the payments were consistent. Angelica Leicht, CBS News, 21 Nov. 2025 If a customer does not accept their automatic payment through PayPal or Venmo within 15 days, Amazon will mail them a check to the shipping address listed on their Prime subscription, per the FTC. Paige Moore, AZCentral.com, 21 Nov. 2025 See All Example Sentences for payment

Word History

First Known Use

14th century, in the meaning defined at sense 2

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 Nov. 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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