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 Big deal The Association for Financial Professionals' (AFP) 2024 Payments Fraud and Control Survey finds that 80% of respondents report that their organizations were victims of attempted or actual payments fraud activity in 2023. Sheryl Estrada, Fortune, 23 Apr. 2024 Financial technology startup Stripe will serve as the online payment provider. James Pollard, Quartz, 23 Apr. 2024 Prosecutors allege that the payment was just one example of a broader scheme by Trump to hide information from voters ahead of the 2016 election. Aaron Katersky, ABC News, 22 Apr. 2024 The cash had been agreed upon as half of the total payment to the agent, who Russell told to make her ex-husband's killing look like a suicide. Krista Johnson, The Courier-Journal, 22 Apr. 2024 Although the charges relate to the payment to Daniels, Alvin Bragg, the Manhattan district attorney, is expected to highlight two other hush-money deals. Ben Protess, New York Times, 22 Apr. 2024 Banks have warned that there will be challenges to adopting this new form of compensation since many had already upended their payment structures to accommodate the cap. Aisha S Gani, Fortune Europe, 22 Apr. 2024 The fee for a late payment in Indiana is $25, and the state collected more than $1.1 million in 2022 from late payment fees. Isabelle Kause, The Indianapolis Star, 22 Apr. 2024 Soon after, Cohen reached out to Daniels offering a $130,000 payment. Simmone Shah, TIME, 22 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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

Dictionary Entries Near payment

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 26 Apr. 2024.

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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