pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Definition of payment

1 : the act of paying
2 : something that is paid : pay

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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 People whose phones aren’t compatible with contactless payment systems can use their camera to photograph a QR code, opening a similar donation form. Kathleen Foody, Fortune, "No Cash? Now You Can Donate to the Salvation Army Using Apple Pay or Google Pay," 30 Nov. 2019 People whose phones aren’t compatible with contactless payment systems can use their camera to photograph a QR code, opening a similar donation form. Kathleen Foody, The Denver Post, "No cash? Salvation Army now accepting mobile donations," 27 Nov. 2019 Some versions of the agreement envisioned Washington husband-and-wife lawyers Victoria Toensing and Joe diGenova, also playing a role and receiving payment. Anchorage Daily News, "Giuliani was in talks to be paid by Ukraine’s top prosecutor as they together sought damaging information on Democrats," 27 Nov. 2019 PayPal revolutionized online shopping with its payments system two decades ago, but lately more tech companies have been encroaching on its turf. Wired, "Why Did PayPal Pay $4 Billion for a Coupon Browser Extension?," 23 Nov. 2019 By contrast, Wesch said, the city would receive no lease payments from Bennett’s group over the next two years. al, "New proposal for Hank Aaron Stadium latest curveball for Mobile," 21 Nov. 2019 The Daphne Project followed a paper trail to two Panama companies in the names of two people close to Muscat — his chief of staff and the former energy minister — that stood to receive payments from 17 Black for unspecified services. Fox News, "Malta businessman arrested on yacht in connection to killing of journalist Daphne Caruana Galizia," 20 Nov. 2019 Just 49% of those eligible for the central government maternity benefits scheme received any payment, according to the Jachcha Bachcha Survey conducted by economists Reetika Khera and Jean Drèze. Manavi Kapur, Quartz India, "Poorly nourished pregnant women are also badly overworked in rural India," 18 Nov. 2019 Hiring these different forms of transport is simple, thanks to seamless booking and payment systems and a thriving entrepreneurial spirit among a range of commercial, social, and government transport providers. Marcus Enoch, Quartz, "What public transport might look like in 2045," 14 Nov. 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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Time Traveler

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

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Last Updated

4 Dec 2019

Cite this Entry

“Payment.” The Dictionary, Merriam-Webster Inc., Accessed 13 December 2019.

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How to pronounce payment (audio)

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


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

Thesaurus: All synonyms and antonyms for payment

Rhyming Dictionary: Words that rhyme with 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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easily led, controlled, or managed

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