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 While stablecoins present a compelling alternative to traditional payments platforms, especially with their low fees and ease of use in cross-border payments, their future hinges on resolving key regulatory and technological challenges. Becca Bratcher, Forbes, 27 Oct. 2024 Unlike its European neighbors, who largely transitioned away from cash payments due to the Covid-19 pandemic, cash still plays a significant role in Germany. Sophie Tanno, CNN, 27 Oct. 2024 Musk amplifies Trump's messages on his social media platform X, campaigns for Trump in swing states and now is trying to mobilize the base with cash payments. Kinsey Crowley, USA TODAY, 25 Oct. 2024 The fare is $2 for a one-way ride using a Ventra card and $2.25 for cash payments. Samantha Moilanen, Chicago Tribune, 25 Oct. 2024 See all Example Sentences for payment 

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 5 Nov. 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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