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 Drivers whose risk scores are shared with insurance providers often see their monthly insurance payments skyrocket. Dell Cameron Andrew Couts, WIRED, 16 Mar. 2024 The cash option is a one-time, lump-sum payment that is equal to all the cash in the Mega Millions jackpot prize pool. Detroit Free Press, 16 Mar. 2024 Programs for low-income customers including Expansion of We Energies and Wisconsin Public Service Corp.'s low-income forgiveness tool and creation of a percentage of income payment program. Karl Ebert, Journal Sentinel, 15 Mar. 2024 The $490 million payment represents less than 1% of the $97 billion profit that Apple pocketed during its last fiscal year ended in September. Michael Liedtke, Fortune, 15 Mar. 2024 Here’s how This week a home at that price, on which a buyer made a 20% down payment with a mortgage rate of 6.74%, will see a monthly payment of $2,031 — about $220 less. Anna Bahney, CNN, 14 Mar. 2024 In February, Walmart suffered an internal computer glitch that prevented thousands of its locations from being able to take payments, and forcing six of its locations to cut operations altogether. Francisco Velasquez, Quartz, 14 Mar. 2024 The new Royalty Fund would not replace the current streaming payout model, but add a separate payment. Jon Blistein, Rolling Stone, 6 Mar. 2024 The judge in the case largely ruled against Epic, but barred Apple from blocking developers from promoting other forms of payment in their iOS apps. Todd Spangler, Variety, 6 Mar. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 28 Mar. 2024.

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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