payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms of payment

• paying

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

In 2020, the Indian government cut the merchant discount rate, the fee incurred by merchants for accepting payments via UPI, to zero to promote digital transactions in the country. — Priyanka Salve, CNBC, 17 Sep. 2026

Other defendants collected more than $1 million in child-care subsidy payments, prosecutors alleged. — Ken Sweet, Los Angeles Times, 16 Sep. 2026

Oemis Durruthy, the Cuban national who prosecutors allege is influential among the Cuban diaspora in Moscow, is charged with coordinating travel and payments for the terrorist acts. — Shirsho Dasgupta, Miami Herald, 16 Sep. 2026

Clarify payment roles now to prevent confusion during delivery and follow‑up. — Tarot.com, Baltimore Sun, 16 Sep. 2026

Word History

First Known Use

14th century, in the meaning defined at sense 2

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