payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: something that is paid : pay

3

: requital

Synonyms of payment

• paying

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

The money comes from a fund that helps countries facing medium-term payment difficulties. —Katie Marie Davies The Associated Press, Arkansas Online, 28 Nov. 2025

With the holiday season upon us, one personal finance site is sounding the alarm on a ubiquitous retail payment plan that many Americans say should be outlawed. —Daniel De Visé, USA Today, 28 Nov. 2025

Once there, fraudsters can steal both your payment information and your personal credentials. —Mary Cunningham, CBS News, 28 Nov. 2025

Then, make an initial deposit of at least $5 with a secure payment method, like a credit card. —Tyler Everett, MSNBC Newsweek, 28 Nov. 2025

Word History

First Known Use

14th century, in the meaning defined at sense 2

Phrases Containing payment

• balloon payment
• co-payment
• down payment
• in payment
• on payment of
• stop payment
• transfer payment

Rhymes for payment

• claimant
• copayment
• embayment
• nonpayment
• prepayment
• repayment
• overpayment
• underpayment

Kids Definition

payment

noun

pay·​ment ˈpā-mənt 

1

: the act of paying

2

: money given to pay a debt

3

: pay entry 2 sense 2