payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
Synonyms of paymentnext
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.
Access to fuel, machinery and transportation routes often requires payments in gold to authorities or armed networks, embedding illicit production in the supply chain. Antonio María Delgado, Miami Herald, 9 Apr. 2026 The bill also approves a request for a payment-in-lieu-of-taxes (PILOT) agreement. Jt Moodee Lockman, CBS News, 9 Apr. 2026 The Biden administration-era SAVE plan, which was officially blocked by a federal appeals court in March, came with much lower monthly payments than other repayment plans. Annie Nova, CNBC, 9 Apr. 2026 In May 2024, a cyberattack paralyzed many of the organization’s digital resources, affecting electronic medical records systems, prescriptions and refills, credit card payments, processing of electronic lab and radiology orders and access to its patient portal online. Paul Sisson, San Diego Union-Tribune, 9 Apr. 2026 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 14 Apr. 2026.

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

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