payment

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noun pay·ment \ ˈpā-mənt \

Definition of payment

1 :the act of paying
2 :something that is paid :pay

Examples of payment in a Sentence

  1. Payment is due on the first of every month.

  2. Prompt payment of your bill ensures that you will not have to pay any additional fees.

  3. We require payment in advance for all goods purchased.

  4. a payment plan to reduce your debt

  5. cash, credit cards, and other methods of payment

  6. Our records show that we received a payment of $215.36 in May.

  7. Buy this product for three easy payments of only $19.95!

  8. It took me five years to pay off the car, but I never missed a payment.

  9. making payments on a loan

  10. The credit card company just increased the penalty on late payments.

Recent Examples of payment from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'payment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of payment

14th century



PAYMENT Defined for English Language Learners

payment

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noun

Definition of payment for English Language Learners

  • : the act of giving money for something : the act of paying

  • : something that is given to someone in exchange for something else

  • : an amount of money that is paid for something


PAYMENT Defined for Kids

payment

play
noun pay·ment \ ˈpā-mənt \

Definition of payment for Students

1 :the act of giving money for something bought or for a service used
2 :money given to pay a debt
  • For three years I'll make payments on a car.


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