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.
Details like that have become important for mid-major programs scrambling to keep up with the explosion of NIL payments to players. Mark Zeigler, San Diego Union-Tribune, 31 Mar. 2025 Medicare is reliable in both coverage rules and payments, something that has become increasingly more difficult from private insurers. Ron Estes, MSNBC Newsweek, 31 Mar. 2025 See website below for online payment or mail a check to Cat Tales, PO Box 901, Middletown, 06457. Staff Report, Hartford Courant, 31 Mar. 2025 Two rounds of Social Security payments will be made this week. Ron Estes, MSNBC Newsweek, 31 Mar. 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 22 Apr. 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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