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.
The Common Market for Eastern and Southern Africa, a 21-member trade bloc, launched a digital payments system in a bid to cut transaction costs. Alexis Akwagyiram, semafor.com, 10 Oct. 2025 The actual music files live permanently on the Arweave blockchain, while all payments are handled on the Solana chain, famously the hub of the current meme coin frenzy. Jeff Ihaza, Rolling Stone, 10 Oct. 2025 Since these chargers connect to power grids and payment systems, a cyberattack could shut down networks, disrupt electricity supply, or even steal user data. Atharva Gosavi, Interesting Engineering, 10 Oct. 2025 Quinn Glabicki | Reuters Spirit Airlines won approval for a $475 million lifeline and a $150 million payment from its biggest aircraft lessor in court on Friday, as the struggling budget airline races to stabilize itself after its second bankruptcy since November. Leslie Josephs, CNBC, 10 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 11 Oct. 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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