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.
Not only have debit and credit card payments become more popular with Gen Z, but so have buy-now, pay-later (BNPL) services. Sydney Lake, Fortune, 1 Nov. 2025 Its embrace of stablecoins — a type of cryptocurrency whose value is tethered to fiat currencies such as the US dollar — aligns with growing adoption of alternative payment and monetary systems in countries like Nigeria and Kenya where regulators are fine-tuning policy to meet the moment. Alexander Onukwue, semafor.com, 31 Oct. 2025 The document stated that the payment of the funding would be staggered and tied to different stages of the project such as the official announcement of it filming in Madrid, the start of shoot, and its premiere in a major festival. Melanie Goodfellow, Deadline, 31 Oct. 2025 The closing is expected to happen during the first quarter of 2026, subject to certain conditions, including customary regulatory approvals and payment of the purchase price. David Moin, Footwear News, 31 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 2 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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