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 that case, the decline is largely because vendors are not sending it enough merchandise given recent delays in getting payment from the debt-laden company. —Phil Wahba, Fortune, 7 Nov. 2025

The move came after an appeals court earlier on Friday rejected a request from the government to halt orders requiring them to issue SNAP payments. —Jennifer Ludden, NPR, 7 Nov. 2025

Garen said the city expected applicants to offer variations of the monthly payments and total number served. —Mathew Miranda, Sacbee.com, 7 Nov. 2025

CashPro is Bank of America’s digital banking platform for businesses, used to manage payments, deposits and loans. —Charlotte Observer, 7 Nov. 2025

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