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

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 President and Co-Founder at Stax, bringing a brand-new, integrated payment processing experience to business owners of all types. Sal Rehmetullah, Forbes, 17 May 2022 The association’s Elberton Granite Museum & Exhibit keeps a display about the Guidestones and sells postcards, but granite companies had nothing to do with the design or payment for the site, says Mr. Kubas. Cameron Mcwhirter, WSJ, 17 May 2022 Experts suggest that consumers use a credit card, which will offer more protection against fraud than other payment options. Susan Tompor, Detroit Free Press, 17 May 2022 Just Fish, at 20 Church St., takes payment via cash, credit cards and Cash App. Ted Glanzer, Hartford Courant, 16 May 2022 The Trump-era cap that limited family remittances to $1,000 every three months is to be lifted, and a ban on nonfamily remittances will be eased to allow payment to independent Cuban entrepreneurs. Karen Deyoung, Washington Post, 16 May 2022 The man then forced the victim to unlock his phone and withdrew a total of $6,000 from separate payment transaction apps, according to the court document. Jay R. Jordan, Chron, 16 May 2022 To protect yourself, set your Venmo profile and your friend list to private, as well as all past and future payment notes. Ashley Stimpson, Popular Mechanics, 16 May 2022 The hospitals worked together, trusting that payment would be worked out. New York Times, 15 May 2022 See More

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.

First Known Use of payment

14th century, in the meaning defined at sense 1

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Time Traveler for payment

Time Traveler

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

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Dictionary Entries Near payment

paymaster general


payment bill

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Last Updated

20 May 2022

Cite this Entry

“Payment.” Dictionary, Merriam-Webster, Accessed 27 May. 2022.

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More Definitions for payment


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.

More from Merriam-Webster on payment

Nglish: Translation of payment for Spanish Speakers

Britannica English: Translation of payment for Arabic Speakers


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