payment

noun
pay·​ment | \ ˈpā-mənt \

Definition of payment

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

Keep scrolling for more

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

Between 2001 and 2009, Medicare payments for individual sleep studies almost quadrupled to $235 million. Marshall Allen, Ars Technica, "You snooze, you lose: Insurers make the old adage literally true," 21 Nov. 2018 As the federal records showed, payment for the hotel was made September 30, which was about a week prior to the First Lady’s arrival. Stacey Leasca, Glamour, "The Hotel Bill for Melania Trump’s One-Day Cairo Visit? Only $95,000.," 2 Nov. 2018 Lopez Obrador has presented himself as a champion of poor and rural Mexicans who would root out corruption, give scholarships or paid apprenticeships to youth, and increase support payments for the elderly. Samuel Chamberlain, Fox News, "Left-wing candidate Andres Manuel Lopez Obrador set to win Mexico presidential election as rivals concede," 2 Oct. 2018 Asked to elaborate, Bobo clarified that taxes and tolls will fund the project but payments for claims are the obligation of the road builder. Kevin Spear, OrlandoSentinel.com, "I-4 construction nightmares: Drivers seeking payment for car damage face daunting odds," 13 July 2018 Shah said the payments for the tickets were made at the end of 2016 and paid off early the next year. Amy Brittain, courant.com, "Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets, White House says," 12 July 2018 Prices may increase prior to full payment for those and/or other reasons. USA TODAY, "Deal watch: Seven nights in Fiji and Samoa for $2,349," 12 July 2018 Additional tabs include utility information, property taxes and allow online payments for city services and traffic tickets. Karen Huppertz, ajc, "Loganville has new website," 11 July 2018 Metropolitan in effect is taking over payment for hundreds of San Joaquin Valley farmers who have refused to participate because of fears about WaterFix's costs. Dale Kasler, sacbee, "Southern California water agency agrees to spend $11 billion on Delta tunnels - again," 10 July 2018

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.

See More

First Known Use of payment

14th century, in the meaning defined at sense 1

Keep scrolling for more

Learn More about payment

Statistics for payment

Last Updated

16 Jan 2019

Look-up Popularity

Time Traveler for payment

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

See more words from the same century

Keep scrolling for more

More Definitions for payment

payment

noun

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

payment

noun
pay·​ment | \ ˈpā-mənt \

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.

Keep scrolling for more

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).

WORD OF THE DAY

tremendous in size, volume, or degree

Get Word of the Day daily email!

Test Your Vocabulary

Homophone Quiz

  • three-bears-two-of-them-look-like-theyre-whispering-to-a-third-bear-who-looks-chuffed-to-be-the-center-of-attention
  • In order to judge how people felt, the senator's office hired a firm to take a ______.
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Bee Cubed

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!