payment

noun
pay·​ment | \ˈpā-mənt \

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

The credit card debts and loan were either paid off or fell below the reporting requirements in 2017, according to the filings, which do not require details on the nature or source of such payments. Amy Brittain, courant.com, "Supreme Court nominee Brett Kavanaugh piled up credit card debt by purchasing Nationals tickets, White House says," 12 July 2018 Within days, adjusters from a team that covers the area reported inspecting the Lexus and authorizing a series of payments totaling over $16,000. David Ovalle, miamiherald, "One Lexus, 10 crashes, none real. Rogue adjusters in Miami scammed GEICO, police say," 10 July 2018 Glassnote, however, claims that its license to those recordings entitles the label to its 50 percent share of the SoundExchange payments. Dan Rys, Billboard, "Glassnote Files Complaint to Resolve Contract Dispute With Donald Glover Over $700K in Royalties," 10 July 2018 The first of three payments was proffered to a coyote, part of an extensive network of smugglers and fixers who work throughout the region. Patrick J. Mcdonnell, latimes.com, "'What if I lose her forever?' In Guatemala, a couple fears for their child still in detention in U.S.," 10 July 2018 The Federal Reserve handles $3 trillion worth of Fedwire payments per day. Michael Taylor, San Antonio Express-News, "Re-envisioning basic banking," 6 July 2018 The report goes on to claim that Liverpool aren't completely put off by the injury, but a new deal could be on the cards - with a restructuring of the payments in order to cover Liverpool should something not work out. SI.com, "Liverpool Manager Jurgen Klopp 'Furious' With Reds Hierarchy for Recent Failure," 5 July 2018 One, any kind of social welfare payment should be time-bound. Bill Glauber, Milwaukee Journal Sentinel, "GOP U.S. Senate candidate Kevin Nicholson focuses on demand-side of opioid crisis," 3 July 2018 All tickets will be refunded in full according to the ticket buyers' original form of payment, according to a press release from RiverEdge. Staff Report, Aurora Beacon-News, "RiverEdge Park in Aurora cancels The Art of Rap fest," 3 July 2018

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

6 Nov 2018

Look-up Popularity

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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 \

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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