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TOEFL IELTS BNC: 1009 COCA: 2106

payment

noun

pay·​ment ˈpā-mənt How to pronounce payment (audio)
1
: the act of paying
2
: something that is paid : pay
3

Example Sentences

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. See More
Recent Examples on the Web Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation, according to the company. Sheryl Estrada, Fortune, 13 Sep. 2022 Buyers can only afford so much of a monthly payment, and ongoing assessments drive prices down. Gary Singer, Sun Sentinel, 8 Sep. 2022 When asked if the families had been offered compensation by the government, Lopez Obrador didn't deny the possibility of payment. Karol Suarez, CNN, 26 Aug. 2022 For some types of loan repayment plans, balances would be forgiven after 10 years of payment instead of 20. Claire Thornton, USA TODAY, 25 Aug. 2022 The presidential working group, led by the Treasury, should move forward on stablecoin rules, identifying the characteristics that make stablecoins a means of payment (akin to money transfer) and not a security or commodity. Jay Clayton, WSJ, 25 Aug. 2022 Some families will be able to receive both the tax credit and the Department of Social Services payment, Lamont said. Mike Mavredakis, Hartford Courant, 19 Aug. 2022 Fifty-percent of the payment is withheld until the facility has been cleaned and inspected. Paul A. Smith, Journal Sentinel, 4 Aug. 2022 The lack of payment has thrown dozens of creators into difficult financial situations. Taylor Lorenz, Washington Post, 3 Aug. 2022 See More

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

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