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

Wang, who is pursuing reelection in November, also wants the measure to incentivize larger banks and Wall Street speculators who buy up distressed debts to not seek foreclosure as the first option when borrowers default on payments. — Shomik Mukherjee, Mercury News, 19 July 2026

The August 2026 Supplemental Security Income payments, worth up to $994, will be sent to recipients in 12 days. — Kiara Moore, The Washington Examiner, 19 July 2026

The hotel payments start five nights before a team’s first game and one night after it is eliminated. — Luis Andres Henao, Fortune, 19 July 2026

In 2022, the city estimated that $370 million would have been paid by exempt properties, while the PILOT payment was $52 million. — Kenneth R. Gosselin, Hartford Courant, 19 July 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