payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
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.
Stringer was the only candidate who received the Campaign Finance Board’s first public matching funds payment on Dec. 16, netting him $2 million for a total cash balance of $2.3 million. Chris Sommerfeldt, New York Daily News, 13 Jan. 2025 People who receive the refunds should cash their check within 90 days or redeem their PayPal payment within 30 days, according to the agency. Kate Gibson, CBS News, 13 Jan. 2025 The proposal would finish phasing in controversial changes CMS began implementing in 2023 that are aimed at making payments to plans more accurate. Maya Goldman, Axios, 13 Jan. 2025 Update any automatic payments with your new card number. Fernanda Galan, Sacramento Bee, 13 Jan. 2025 See all Example Sentences for payment 

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 22 Jan. 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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