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payment

noun
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
Synonyms & Antonyms Example Sentences Learn More about payment

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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

 These visits have generated hundreds of thousands of dollars in federal government payments to cover the lodging expenses of the Secret Service and other personnel who accompany him. — Eric Lipton, New York Times, "Checking In at Trump Hotels, for Kinship (and Maybe Some Sway)," 7 Sep. 2019 In exchange for the patient referrals, Singh, 33, of Livermore, and others doled out $8 million in bribes, including $6 million in cash payments, U.S. Attorney David Anderson said. — Evan Sernoffsky, SFChronicle.com, "30 charged in $115 million Bay Area Medicare fraud scheme," 5 Sep. 2019 MassHealth made nearly $1 million in improper payments for medications during a two-year period that ended in 2017, state Auditor Suzanne Bump’s office said Thursday. — John R. Ellement, BostonGlobe.com, "State auditor says MassHealth made nearly $1 million in improper payments for medication," 29 Aug. 2019 According to game contracts, which the Express-News acquired this summer through public information requests, UTSA averaged a net of $320,000 in football game guarantee payments from 2013 through 2017. — Greg Luca, ExpressNews.com, "UTSA athletics focused on finances in Campos’ second year," 29 Aug. 2019 The state depends heavily on personal income taxes and an unexpected surge in those payments in recent months pushed up the rebate figure. — Hillary Borrud | The Oregonian/oregonlive, oregonlive.com, "Oregon taxpayers set to get a $1.6 billion ‘kicker’ rebate next year," 28 Aug. 2019 Drug giant GlaxoSmithKline has licensed two drugs for chronic hepatitis B viral infection from Carlsbad’s Ionis Pharmaceuticals for $25 million upfront and up to $262 million in milestone payments. — San Diego Union-Tribune, "Carlsbad’s Ionis gets $25M upfront for licensing hepatitis B drugs to GSK," 27 Aug. 2019 California producers received on average $42,000 in subsidy payments but the range was wide. — Gabrielle Canon, USA TODAY, "In California, Trump's trade war threatens permanent damage to some agriculture markets," 27 Aug. 2019 Her two older children had already been removed by the state and placed in foster care — a program that costs $54 million annually in payments to foster parents. — Claudia Rowe, The Seattle Times, "‘Those were the darkest days’: How key budget cuts fueled Washington’s opioid crisis," 18 Aug. 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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More Definitions for payment

payment

noun
How to pronounce payment (audio)

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

See the full definition for payment in the English Language Learners Dictionary

payment

noun
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

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