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 The cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool. Tanya Wildt, Detroit Free Press, 6 Mar. 2024 The new Royalty Fund would not replace the current streaming payout model, but add a separate payment. Jon Blistein, Rolling Stone, 6 Mar. 2024 The judge in the case largely ruled against Epic, but barred Apple from blocking developers from promoting other forms of payment in their iOS apps. Todd Spangler, Variety, 6 Mar. 2024 Quan also told his customers in Asia to wire their payments to company bank accounts in New Zealand, according to Quan’s plea deal. Nollyanne Delacruz, The Mercury News, 5 Mar. 2024 While the federal tax filing and payment deadline has been extended to June 17 this year for San Diego County residents, the Direct File service will only be available through April 15, the agency said. Roxana Popescu, San Diego Union-Tribune, 5 Mar. 2024 Learn more: Best credit cards of 2023 A loophole allowed banks to charge excessive late fees, regulators say Under the CARD Act, banks were supposed to charge late fees only to recover their costs in collecting the tardy payments. Daniel De Visé, USA TODAY, 5 Mar. 2024 The investigation involves a $130,000 payment made to Stormy Daniels, an adult-film actress, during the 2016 presidential campaign. El M. Calabrese, Washington Post, 4 Mar. 2024 Like Medina, Stephen was asked to pay capital gains taxes and a customs fee to release the buyer’s payment. Steve Fisher, USA TODAY, 23 Feb. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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

Dictionary Entries Near payment

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 19 Mar. 2024.

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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