pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Definition of payment

1 : the act of paying
2 : something that is paid : pay
3 : requital

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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.
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Recent Examples on the Web

Officials are also pressing Columbia Gas to speed up payment of claims from businesses., "The week in business," 13 July 2019 Federal filings cite a payment of thirty thousand dollars to the girl’s father and a gift of a GMC Yukon Denali S.U.V. to the girl herself. Jim Derogatis, The New Yorker, "The New Indictments Against R. Kelly Are an Indictment of the Music Industry," 12 July 2019 The resolution comes after nearly two dozen US cities were hit by ransomware attacks this year, including Lake City, Florida, which authorized a payment of 43 bitcoins to a hacker in order to regain access to its phone and email systems. Dani Deahl, The Verge, "Mayors around the country join forces to fight hacker ransoms," 12 July 2019 Robert Lee Stinson agreed to settle his claims against the city and one of its former police detectives for an initial payment of $3.5 million in August and $4 million in January. USA TODAY, "Flying goats, chile duel, ’99 Women’s World Cup statue: News from around our 50 states," 12 July 2019 Robert Lee Stinson, 54, agreed to settle his claims against the city and one of its former police detectives for an initial payment of $3.5 million in August and $4 million in January, the resolution states. Bruce Vielmetti, Milwaukee Journal Sentinel, "Settlement calls for Milwaukee to pay $7.5 million to man convicted based on bogus bite mark evidence," 11 July 2019 In turn, some funds run by trust companies have halted payments of interest or principal to their own backers. WSJ, "Strains Emerge in China’s $3 Trillion Financing Market," 11 July 2019 Habitat says its houses in the area are appraised at an average of $75,114 and carry an average monthly mortgage payment of $386, including taxes and insurance. Jordyn Grzelewski,, "Greater Cleveland Habitat for Humanity launches home-building campaign in Buckeye-Shaker," 11 July 2019 The first payment of $50 million will pay for the facility’s first two months of operation. James Barragán, Dallas News, "Is Carrizo Springs migrant facility 'too much, too late' in addressing the migrant crisis on the southern border?," 10 July 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'payment.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of payment

14th century, in the meaning defined at sense 1

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Last Updated

17 Jul 2019

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The first known use of payment was in the 14th century

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English Language Learners Definition of payment

: the act of giving money for something : the act of paying
: something that is given to someone in exchange for something else
: an amount of money that is paid for something


pay·​ment | \ ˈpā-mənt How to pronounce payment (audio) \

Kids Definition of payment

1 : the act of giving money for something bought or for a service used
2 : money given to pay a debt For three years I'll make payments on a car.

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More from Merriam-Webster on payment

Rhyming Dictionary: Words that rhyme with payment

Thesaurus: All synonyms and antonyms for payment

Spanish Central: Translation of payment

Nglish: Translation of payment for Spanish Speakers

Britannica English: Translation of payment for Arabic Speakers

Comments on payment

What made you want to look up payment? Please tell us where you read or heard it (including the quote, if possible).


appealing forcibly to the mind or reason

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