payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
Synonyms of paymentnext
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.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The payments — 17 transfers of $20,000 each — were made to the son of José Almaraz, a former player described as a spiritual guide close to AFA leadership. Antonio María Delgado, Miami Herald, 27 Mar. 2026 In the event the digital assets go down in value, the mortgage loans don’t get affected if the owner keeps making the monthly payments. Carlos Garcia, Fortune, 26 Mar. 2026 Winners of the Millionaire for Life top prize of $1,000,000 a year for life and second prize of $100,000 a year for life can decide to collect the prize for a minimum of 20 years or take a lump sum cash payment. Staff Reports, The Providence Journal, 26 Mar. 2026 Similar to DoorDash, Uber Eats is offering a weekly relief payment based on the number of miles driven actively on deliveries. Lauren Chapman, Sacbee.com, 26 Mar. 2026 See All Example Sentences for payment

Word History

First Known Use

14th century, in the meaning defined at sense 2

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

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 31 Mar. 2026.

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

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