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. See More
Recent Examples on the Web In the immediate aftermath of Covid-19, consumers who felt flush with extra savings and stimulus payments splurged, allowing retailers to cut back on discounts. Jeannette Neumann, Fortune, 25 Nov. 2023 China could also finance the project and extract payment either in tolls or from Russian oil and gas exports. Mary Ilyushina, Washington Post, 24 Nov. 2023 In fact, mortgage payments on a home would be nearly $4,000 a month, roughly $1,000 more than what Rose and his wife would pay for rent. Brad Mielke, ABC News, 24 Nov. 2023 In the third quarter, almost 3% of cards had late payments, according to the Federal Reserve. Marley Jay, NBC News, 24 Nov. 2023 But, once those upfront payments were made, the complaint said Ethos did not distribute the funds to borrowers. Natallie Rocha, San Diego Union-Tribune, 22 Nov. 2023 But in aggregate, these small disregarded payments have added up to $40 million in 2022 alone, which could instead increase the payments to artists who are most dependent on streaming revenue. Jem Aswad, Variety, 21 Nov. 2023 The increase will be the same percentage for all payments the administration sends, including retirement and disability pay. Misty Severi, Washington Examiner, 21 Nov. 2023 Your phone is arguably your top travel essential, often serving as your all-in-one boarding pass, portable translator, map, payment method, and camera. Olivia Young, Travel + Leisure, 20 Nov. 2023 See More

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 9 Dec. 2023.

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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