payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms

• compensation
• disbursement
• giving
• paying
• remitment
• remittance
• remuneration

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 technology is also reducing cart abandonment by removing common obstacles like account creation and payment re-entry. —Gene Marks, Forbes.com, 25 May 2025

By creating covers on TikTok, she’s been able to slowly chip away at her grad school payments. —Tereza Shkurtaj, People.com, 24 May 2025

Lights went off in shops and restaurants, which could only take cash payments. —Anthony D'alessandro, Deadline, 24 May 2025

Instead of paying for Google Drive forever, switch to a one-time payment for FolderFort. —Stackcommerce Team, PC Magazine, 24 May 2025

Word History

First Known Use

14th century, in the meaning defined at sense 1

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