payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms of payment

• paying

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

The State Department advised any American with significant child support debt to contact the relevant state agency and arrange payment before any passport action is taken. —Sarah Rumpf-Whitten, FOXNews.com, 8 May 2026

But that law only authorizes tariffs in response to large and persistent balance-of-payments deficits. —Scott Horsley, NPR, 7 May 2026

If the local rents for the subject property are at least $1 more than the total house payment, then the property income qualifies. —Jeff Lazerson, Oc Register, 7 May 2026

Note that First American’s monthly plans also include a $2 handling fee per payment. —Jamela Adam, USA Today, 7 May 2026

Word History

First Known Use

14th century, in the meaning defined at sense 2

Phrases Containing payment

• balloon payment
• co-payment
• down payment
• in payment
• on payment of
• stop payment
• transfer payment

Rhymes for payment

• claimant
• copayment
• embayment
• nonpayment
• prepayment
• repayment
• overpayment
• underpayment

Kids Definition

payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: money given to pay a debt

3

: pay entry 2 sense 2