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 cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool. Tanya Wildt, Freep.com, 13 Dec. 2025 Once the settlement has been approved by the court, customers will get a text message or email alerting them to the incoming payment at the email address or mobile phone number on file. Michelle Del Rey, USA Today, 12 Dec. 2025 At the same time, these payments were calculated on the assumption that the full HELOC will be utilized immediately and that repayments on the full amount will then begin. Matt Richardson, CBS News, 12 Dec. 2025 The Foundation’s payroll, vendor and rent payments and other operational expenses were soon going to be handled and paid for by Jackson Health System’s more robust finance team as part of the restructuring process. Jay Weaver, Miami Herald, 12 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 18 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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