payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
Synonyms of paymentnext
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.
On the second Wednesday of the month, payments are issued for beneficiaries whose birthdays fall between the first and 10th days of the month (for May, that is May 13), according to the Social Security Administration’s calendar. Mike Snider, USA Today, 30 Apr. 2026 Stewart’s successor, Mayor Bobby Sanchez, a Democrat, suspended Blogoslawski in February amid allegations of improprieties, including the careless handling of cash and the backdating of tax payments to avoid interest penalties. Mark Pazniokas, Hartford Courant, 30 Apr. 2026 That’s a result of language in the GOP law that increased the standard deduction, added a $6,000 rebate for qualifying seniors, boosted the child tax deduction, and set new rules for deducting tips, overtime, and car loan payments. The Week Us, TheWeek, 30 Apr. 2026 Prosecutors say Maduro and Rodriguez authorized a series of payments totaling $20 million under terms of the PDV USA contract before having a falling out with Rivera’s group by the end of 2017. Miami Herald, 30 Apr. 2026 See All Example Sentences for payment

Word History

First Known Use

14th century, in the meaning defined at sense 2

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 1 May. 2026.

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

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