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
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

Some discounts, coverages, payment plans and features are not available in all states, in all GEICO companies, or in all situations. Good Housekeeping, "YOU COULD SAVE WITH GEICO," 19 Mar. 2019 Microsoft is taking its Xbox Live and Netflix-like Xbox Game Pass subscription to their logical conclusions with Xbox All Access, a payment plan that includes both subscriptions and an Xbox. Eric Limer, Popular Mechanics, "Microsoft Has a New Subscription Plan for the Xbox and It's Not Half Bad," 27 Aug. 2018 Indeed, Boone was famous for wanting payment immediately. Town & Country, "Mary Boone Is Taking a Break," 18 Apr. 2019 Far more common are stores that require a minimum purchase for non-cash payments. Alexandra Olson, The Seattle Times, "As cashless stores grow, so does the backlash," 14 Apr. 2019 As federal prosecutors were investigating Trump’s former lawyer Michael Cohen, Pecker is said to have provided them with information about payments, arranged by Cohen, to women who claimed to have had relationships with Trump. Adam Rathe, Town & Country, "Has National Enquirer Publisher David Pecker Met His Match in Jeff Bezos?," 8 Feb. 2019 Cohen was sentenced after pleading guilty to charges related to these payments, as well as bank and tax fraud charges. Aaron Rupar, Vox, "What’s illegal about Trump’s hush payments to women, briefly explained," 12 Dec. 2018 In general, Medicaid has struggled for years with poor oversight and billions lost to improper payments, drawing regular scrutiny from federal auditors but little improvement. Chad Terhune, Washington Post, "Insurers Fall Short In Catching And Reporting Medicaid Fraud, Inspectors Find," 12 July 2018 The profits are small because markets and individual farmers process micro-payments, often as little as a few dollars. Jane Black And Leah Douglas, chicagotribune.com, "Some food stamp recipients may soon lose access to farmers market benefits," 12 July 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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Last Updated

22 May 2019

Look-up Popularity

Time Traveler for payment

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

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More Definitions for payment

payment

noun

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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More from Merriam-Webster on payment

Rhyming Dictionary: Words that rhyme with payment

Thesaurus: All synonyms and antonyms for payment

Spanish Central: Translation of payment

Nglish: Translation of payment for Spanish Speakers

Britannica English: Translation of payment for Arabic Speakers

Comments on payment

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