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 essence, the US government books cash that comes in via tax receipts as revenues ($4.9 trillion in 2024) and cash outlays for defense needs, social security payments and medical bills today as expenses ($7.4 trillion in 2024). Shivaram Rajgopal, Forbes, 2 Mar. 2025 In California, the maximum monthly payment for independent singles is $1,206.94, while independent couples and people with disabilities get up to $2,057 a month, the federal agency said. Kendrick Marshall, Sacramento Bee, 2 Mar. 2025 These services are meant to provide tenants with the opportunity to grow their credit history through on-time rent payments. Ana Teresa Solá, CNBC, 2 Mar. 2025 The argument as articulated so far by Trump administration officials appears to play down the economic benefits created by Social Security payments, infrastructure spending, scientific research and other forms of government spending that can shape an economy’s trajectory. Josh Boak, Los Angeles Times, 2 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 11 Mar. 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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