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
: requital

Synonyms of payment

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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.
Solowin Holdings signed a memorandum in April with SC Ventures, Standard Chartered's venture arm, to incubate an AI payments project called AGENPAY. — Boaz Sobrado, Forbes.com, 30 Aug. 2026 Many customers praise the company’s prompt service and the convenience of the online application process and payment portal. — Dan Simms, USA Today, 30 Aug. 2026 Peter Gwaltney, president and CEO of the North Carolina Bankers Association, said contactless payments give consumers more flexibility, security and a smoother checkout. — Kimberly Tutuska, Charlotte Observer, 30 Aug. 2026 Chloe Shapiro is one of a dozen former service members identified by The Washington Post who have waited months for full payments. — Casey Parks, Washington Post, 30 Aug. 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

Phrases Containing payment

Rhymes for payment

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Browse Nearby Words

paymaster general
payment
payment bill
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Cite this Entry

“Payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/payment. Accessed 1 Sep. 2026.

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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
: pay entry 2 sense 2
Last Updated: - Updated example sentences
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