payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
1
: the act of paying
2
: something that is paid : pay
3

Example Sentences

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. See More
Recent Examples on the Web Twitter, which did not immediately respond to a request for comment, recently completed the first interest payment to a group of banks that loaned $13 billion for Musk’s acquisition. PCMAG, 5 Mar. 2023 So far, only a handful of residents from Periwinkle, Las Casitas and Weldon Court have applied to receive payment for abandoning their mobile homes, according to the department. Juliette Rihl, The Arizona Republic, 4 Mar. 2023 Others include Michael Cohen, Trump’s one time fixer and lawyer who funded the payment, and David Pecker, the former publisher of The National Enquirer who helped arrange it. Aaron Katersky, ABC News, 2 Mar. 2023 Protesters surrounded by police at East 136th Street on the evening of June 4 will be eligible to receive the $21,500 settlement payment, and some will receive an additional $2,500, according to a news release from the attorneys representing them. Daniel Wu, Washington Post, 2 Mar. 2023 As these costs have increased, so have the monthly housing payment tied to them. Gary Singer, Sun Sentinel, 2 Mar. 2023 The payment was not rent paid to Joe Biden for the use of his Delaware home. Sudiksha Kochi, USA TODAY, 1 Mar. 2023 What’s more, Detroit residents pay $13.6 million of the $50 million, since the lease payment is covered by all ratepayers. Christine Condon, Baltimore Sun, 1 Mar. 2023 The Times reported that NIH would share the catch-up payment from Moderna with Dartmouth and Scripps. Beth Mole, Ars Technica, 24 Feb. 2023 See More

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.

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 24 Mar. 2023.

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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