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.
Energy and Environmental Affairs (EEA) Secretary Rebecca Tepper’s office says utility companies will defer roughly 10% of gas bill payments through February and March with plans to recover those payments from ratepayers between May and October. Tim Dunn, Boston Herald, 23 Jan. 2026 If Walmart were to appeal the verdict, Sullivan said, that would probably put a hold on any payments until the appeal is concluded. Dan Morse The Washington Post, Arkansas Online, 23 Jan. 2026 Higgsfield tracks results, applies campaign payout formulas, and handles distribution and payment. Charlie Fink, Forbes.com, 23 Jan. 2026 Eligible renters will be able to use Affirm through Esusu to pay their rent in two equal, biweekly payments with 0% interest and no late fees, the spokesperson said. Kamaron McNair, CNBC, 22 Jan. 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 25 Jan. 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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