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

Our notices are printed with The New York Review of Books logo and ask that payment be made in favor of and sent directly to The New York Review of Books in either New York, NY or Big Sandy, TX. The New York Review of Books, "Subscriber Alert!," 17 June 2019 And by 2023, the city’s annual pension payments will approach $1 billion. John Byrne, chicagotribune.com, "Chicago Mayor Lori Lightfoot faces limited options to fill deep city budget hole," 15 June 2019 Donald Trump is involved in two lawsuits over his ownership of the property, actions that argue the president is violating the US Constitution’s emoluments clause by receiving payments from foreign governments that spend money at the hotel. Justin Rohrlich, Quartz, "Ivanka Trump and Jared Kushner made up to $135 million while working for free," 15 June 2019 Any chance of collecting any type of rent or fee from the current villa owners could be hurt if no such payments were required by the previous owner, Singer said. Larry Barszewski, sun-sentinel.com, "He thought he snagged a villa for $9,100. He got a foot-wide strip of land.," 15 June 2019 Reservations are highly recommended with no payment due until after the ride. Houston Chronicle, "Get in touch with nature in Galveston," 14 June 2019 Facebook has reportedly secured the support of credit card giants Visa and MasterCard, as well as payments processing leader PayPal to invest at least $10 million each in a group that will oversee the creation and support of its cryptocurrency plan. Rex Crum, The Mercury News, "Who is Facebook getting to support Libra, its cryptocurrency?," 14 June 2019 The Constitution prohibits the president from receiving gifts or payments from foreign politicians and his failure to divest from his business could make the sale an issue, ethics experts said, according to the Post. Fox News, "Trump-owned Beverly Hills property was sold to entity linked to Indonesian billionaire, report says," 14 June 2019 The involvement of major financial firms like Visa and Mastercard is interesting, because cryptocurrencies are typically seen as providing a cheaper alternative to these payment networks. Jon Porter, The Verge, "Facebook’s cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others: WSJ," 14 June 2019

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

19 Jun 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

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