payment

noun
pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Definition of payment

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

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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 Americans earning up to $75,000 qualify for the full payments, which are phased out at higher income levels, and there’s an additional $600 payment per dependent child. Lisa Mascaro, BostonGlobe.com, "GOP rebuffs Trump on $2,000 aid, defense as Congress wraps up," 2 Jan. 2021 Americans earning up to $75,000 qualify for the payments, which are phased out at higher income levels, and there's an additional $600 payment per dependent child. Democrat-gazette Staff From Wire Reports, Arkansas Online, "Stimulus aid pits GOP senators," 1 Jan. 2021 Americans earning up to $75,000 will qualify for the direct $600 payments, which are phased out at higher income levels, and there's an additional $600 payment per dependent child. Lisa Mascaro, ajc, "Rare GOP rebuff of Trump in last days of chaotic Congress," 31 Dec. 2020 An additional $600 payment will be made per dependent child, similar to the last round of relief payments in the spring. oregonlive, "When will second stimulus checks arrive? Who is eligible? How much do you get?," 31 Dec. 2020 Americans earning up to $75,000 will qualify for the direct $600 payments, which are phased out at higher income levels, and there’s an additional $600 payment per dependent child. Time, "Trump's Push for $2,000 Checks Flops as the GOP-led Senate Won't Vote," 31 Dec. 2020 Americans earning up to $75,000 will qualify for the direct $600 payments, which are phased out at higher income levels, and there’s an additional $600 payment per dependent child. Lisa Mascaro, Anchorage Daily News, "In final days of a chaotic Congress, a rare Republican rebuff of Trump," 31 Dec. 2020 Along with the loan proceeds, Gountanis said the $600 payment also helps her employees as well as her family of four. Steve Sadin, chicagotribune.com, "Stimulus will help, but problems remain for Lake County residents impacted by coronavirus downturn," 31 Dec. 2020 Dennis Helmstetter of Frederick, Md., also plans to save the $600 payment. New York Times, "Stimulus Money Should Have Gone to the Jobless, Economists Say," 30 Dec. 2020

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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Time Traveler for payment

Time Traveler

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

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Last Updated

8 Jan 2021

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 19 Jan. 2021.

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More Definitions for payment

payment

noun
How to pronounce payment (audio)

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 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.

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Comments on payment

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