payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
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.
Social Security workers are sounding the alarm that some beneficiaries could see payment delays as the agency undergoes significant changes in the next few weeks. Suzanne Blake, MSNBC Newsweek, 6 June 2025 Although no payments are due at this time, interest continues to accrue on your loan(s) during the forbearance period. Adam S. Minsky, Forbes.com, 6 June 2025 Enable Google Autofill to save time on Android Enabling Google Autofill can save precious time by automatically filling in forms, passwords and payment details across apps and websites. Kurt Knutsson, FOXNews.com, 6 June 2025 On May 28, Acosta claimed her prize and chose a one-time lump sum payment of $1.3 million before taxes, the lottery said. Tanasia Kenney, Miami Herald, 6 June 2025 See All Example Sentences for payment

Word History

First Known Use

14th century, in the meaning defined at sense 1

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 10 Jun. 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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