payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
Synonyms of paymentnext
1
: the act of paying
2
: something that is paid : pay
3

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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The survey also said that nearly half of those people who have opted into a plan have missed a payment. Jason Rantala, CBS News, 20 Dec. 2025 The rules would, additionally, bar Medicaid payments for gender-affirming treatments for minors, remove gender dysphoria from being protected under a federal disability law, and halt manufacturers from marketing breast binders to children and adolescents. Natalie Eilbert, jsonline.com, 19 Dec. 2025 Under Australia’s new buy-back plan, states and territories will be tasked with collecting the weapons and processing payments to individuals for surrendered firearms, while federal police will be responsible for destroying them. Alexandra Banner, CNN Money, 19 Dec. 2025 When mobility itself—of the physical, social, and economic sort—depends on making payments to a car company, why would the industry change course? Patrick George, The Atlantic, 19 Dec. 2025 See All Example Sentences for payment

Word History

First Known Use

14th century, in the meaning defined at sense 2

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

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 23 Dec. 2025.

Kids Definition

payment

noun
pay·​ment ˈpā-mənt How to pronounce payment (audio)
1
: the act of paying
2
: money given to pay a debt
3

More from Merriam-Webster on payment

Last Updated: - Updated example sentences
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