Definition of payment in English:

payment

Line breaks: pay|ment
Pronunciation: /ˈpeɪm(ə)nt
 
/

noun

1 [mass noun] The action or process of paying someone or something or of being paid: ask for a discount for payment by cash [count noun]: three interest-free monthly payments
More example sentences
  • Now imagine what kind of job you need to make that sort of monthly payment.
  • It addresses the growing consumer desire to use electronic payment in place of cash.
  • The first was a bill and the second was a demand for immediate payment in cash.
Synonyms
remittance, remission, settlement, discharge, clearance, liquidation, reckoning
2An amount paid or payable: a compensation payment of £2500
More example sentences
  • If you are over 64, the total amount of the payment you receive will be reduced on a sliding scale.
  • In addition to this, you can often reduce the tax payable by making a payment towards the cost of your car yourself.
  • This is so, however large or small may be the amount of the payment.
Synonyms
instalment, premium, amount, remittance;
deposit, retainer, subscription
2.1 [mass noun] Something given as a reward or in recompense for something done: a suit with a velvet collar that I got as payment for being in the show
Synonyms
rate, price, hire, stipend, emolument(s), honorarium, allowance, handout, recompense, compensation, reimbursement, reward, income, revenue, profit(s), proceeds, takings, gain, lucre

Origin

late Middle English: from Old French paiement, from payer 'to pay'.

Definition of payment in: