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.
In such arrangements, the parties typically split the payments, with the authorized entity completing the reimbursement paperwork and the ineligible provider ostensibly performing the services billed. Mia Cathell, The Washington Examiner, 27 Feb. 2026 Opened up as well would be records of transactions between insurers and any of their affiliates, including fees, commissions, payments, or profit sharing agreements with managing general agents, claims handlers, reinsurers, or third party administrators. Ron Hurtibise, Sun Sentinel, 26 Feb. 2026 This material has been scraped, copied and reused with no common standards to enable permission or payment, weakening the economic model that supports journalism. Alex Ritman, Variety, 26 Feb. 2026 One judge blocked those actions and required that payments flowing to Minnesota and four other states — California, Colorado, Illinois and New York — for a variety of social service programs. Michelle L. Price, Fortune, 26 Feb. 2026 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 1 Mar. 2026.

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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