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.
Last fall, Coliseum officials allowed the entire site to be taken over for a private three-day tech conference held by Block, the company formerly known as Square that is valued at tens of billions of dollars for its online-payment products. Shomik Mukherjee, Mercury News, 16 Jan. 2026 The terms that need to be worked out may include child custody, asset division and support payments. Jane Harper, Dallas Morning News, 15 Jan. 2026 To claim a single-payment cash option, a winner has within the first 60 days after the applicable draw date to claim it. Jennifer Sangalang, Florida Times-Union, 15 Jan. 2026 Previously, Paris filed an August motion asking a judge to order the executors to submit certain financial paperwork and prevent them from making full payments without court approval. Jennifer Zhan, Vulture, 15 Jan. 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 16 Jan. 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

More from Merriam-Webster on payment

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!