payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms of payment

• paying

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

The lawsuit also alleges that a release form that Kaseya required employees to sign in order to receive a $250 severance payment at the time of job loss isn’t valid. —Miami Herald, 26 Dec. 2025

Rents were flat year-over-year in October for the first time in three and a half years, according to the bank’s internal payments data. —Samantha Delouya, CNN Money, 26 Dec. 2025

Michael Dickinson, 69, was crushed to death after he was pinned between his vehicle and the payment window on Tuesday morning in Grand Island. —Landon Mion, FOXNews.com, 26 Dec. 2025

The third and fourth payment tiers will also slightly drop. —Samuel O'Neal, Fort Worth Star-Telegram, 26 Dec. 2025

Word History

First Known Use

14th century, in the meaning defined at sense 2

Phrases Containing payment

• balloon payment
• co-payment
• down payment
• in payment
• on payment of
• stop payment
• transfer payment

Rhymes for payment

• claimant
• copayment
• embayment
• nonpayment
• prepayment
• repayment
• overpayment
• underpayment

Kids Definition

payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: money given to pay a debt

3

: pay entry 2 sense 2