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.
In the four years since NIL payments began in 2021, collectives affiliated with specific schools have made hundreds of millions in deals with athletes just like those the CSC described in its examples. Stewart Mandel, New York Times, 12 July 2025 More: Car buyers set a record with more than $1,000-a-month car payments in Q2 Jamie L. LaReau is the senior autos writer who covers Ford Motor Co. for the Detroit Free Press. Jamie L. Lareau, Freep.com, 12 July 2025 More detail is also expected on payments made during production and whether any money fell into the hands of Hamas. Jake Kanter, Deadline, 12 July 2025 Dissatisfaction with a lack of modern payment solutions, such as the ability to accept a digital wallet or mobile payment system, runs high; a PYMNTS survey highlighted that 33% of healthcare consumers become frustrated when modern payment solutions aren’t offered. Tom Furr, Forbes.com, 11 July 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

Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 18 Jul. 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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