pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Definition of payment

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

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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.
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Recent Examples on the Web

The Justice Department says the hush money payments were unreported campaign contributions meant to influence the outcome of the election. Eric Tucker, The Seattle Times, "AP FACT CHECK: Trump’s untruths on Russia probe, wall, jobs," 6 Feb. 2019 But payments to programmers are a standard expense in any cable TV company's business, and those contribute greatly to the general monthly rates that customers have to pay. Jon Brodkin, Ars Technica, "Comcast raises cable TV bills again—even if you’re under contract," 26 Nov. 2018 These are just the receipts to back up our point!), the couple's monthly mortgage payments are more than $200,000. Candace Braun Davison, House Beautiful, "Beyonce And Jay-Z's Monthly Mortgage Might Cost More Than Your Entire House," 28 Sep. 2018 On December 27, the Office of Personnel Management tweeted a template letter that workers can use to negotiate payment plans with creditors until their salaries are reinstated. Isabella Gomez, Teen Vogue, "5 Ways the Government Shutdown Is Impacting Americans," 3 Jan. 2019 In 2016, the company opened Apple Pay to nonprofits, after previously barring apps from collecting in-app donations with the payment system and typically requiring users to do so through Safari or SMS. Nick Statt, The Verge, "Google will let Android users donate directly to nonprofits through the Play Store," 12 Dec. 2018 A decade after the Great Recession, many Americans have yet to rebound financially, making layaway an appealing payment option at the moment. Nadra Nittle, Vox, "Tyler Perry paid off 1,500 Walmart layaway accounts, but the service can be risky for low-income shoppers," 12 Dec. 2018 There's no reason to believe the information disclosed included payment card data, physical addresses, past purchases, or other personal details. Dan Goodin, Ars Technica, "Amazon customers’ names and email addresses disclosed by website error," 21 Nov. 2018 China’s largest payment-services platforms—Ant Financial Services Group’s Alipay and Tencent Holdings Ltd. Stella Yifan Xie, WSJ, "Mastercard Renews Effort to Enter Chinese Market," 22 Feb. 2019

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.

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First Known Use of payment

14th century, in the meaning defined at sense 1

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Last Updated

13 Mar 2019

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The first known use of payment was in the 14th century

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English Language Learners Definition of payment

: 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


pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Kids Definition of payment

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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More from Merriam-Webster on payment

Rhyming Dictionary: Words that rhyme with payment

Thesaurus: All synonyms and antonyms for payment

Spanish Central: Translation of payment

Nglish: Translation of payment for Spanish Speakers

Britannica English: Translation of payment for Arabic Speakers

Comments on payment

What made you want to look up payment? Please tell us where you read or heard it (including the quote, if possible).


grandiloquent, ostentatious, or bombastic

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