pay·ment | \ ˈpā-mənt \

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

That does not account for mandatory royalty payments to the Alaska Permanent Fund and other dedicated allocations. Author: Elwood Brehmer, Anchorage Daily News, "Despite slight production dip, Alaska oil revenue grows in FY18," 13 July 2018 In 2013, the mother of two of his children sued for outstanding alimony payments. Adam Williams, Billboard, "How a Netflix Series Revived the Career of Latin Pop Icon Luis Miguel," 10 July 2018 Beginning January 1, 2019, President Trump’s tax reform will eliminate the tax deduction for alimony payments. Brittany Shoot, Fortune, "Financial Planners Are Warning Wealthy Clients That Trump's Tax Reform Is Making Divorce Much More Expensive," 9 July 2018 The viral photos have spurred an online debate about the controversial practice of trophy hunting, in which hunters can arrange permits to shoot animals in return for payment. Billy Perrigo, Time, "Kentucky Woman Branded 'White American Savage' After Posing With Dead Giraffe She Shot," 4 July 2018 Thom Tillis and Richard Burr and Rep. Mark Meadows of Asheville, had pressed for full payment. Bruce Henderson, charlotteobserver, "Feds broke promises to NC county for 75 years. A big bank deposit changed all that.," 3 July 2018 The true purpose of the consultations was to improperly issue patients prescriptions for opioids and narcotics, including Oxycodone, OxyContin and Percocet, in exchange for cash payments. Susannah Bryan,, "'Pill mill' doc who prescribed 1.2 million doses of opioids found guilty," 1 July 2018 Most business owners and companies will not accept Bitcoin now for payment precisely because of the volatility. Susan Tompor, Detroit Free Press, "Bitcoin ATMs showing up in odd spots across metro Detroit," 28 June 2018 The audit obtained by The Associated Press shows tribe could not account for payments made to subcontractors and vendors between October 2012 and March 2017. Matthew Brown, The Seattle Times, "APNewsBreak: Montana tribe can’t account for $14.5 million," 25 June 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.

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First Known Use of payment

14th century, in the meaning defined at sense 1

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Phrases Related to payment

balloon payment

in payment

on payment of

Statistics for payment

Last Updated

11 Sep 2018

Look-up Popularity

Time Traveler for payment

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 \

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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Comments on payment

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