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  2. Dictionary

    pay·ment
    [ˈpām(ə)nt]
    noun
    payment (noun) · payments (plural noun)
    1. the action or process of paying someone or something or of being paid:
      "ask for a discount for payment by cash" · "three interest-free monthly payments"
    Origin
    late Middle English: from Old French paiement, from payer ‘to pay’.
    Translate payment to
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  3. People also ask
    What does payment mean?[countable] payment (for something) a sum of money paid or expected to be paid a cash payment They are finding it difficult to meet the payments on their car. He agreed to make ten monthly payments of $150. see balance of payments, down payment
    When is payment due?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
    What is the difference between a paycheck and a payment?Payment is the process of either giving money to someone, or of receiving money from someone. If you borrow money to buy a car, you'll be expected to make a monthly payment for several years. Your paycheck itself is a payment, and so is the act of your boss handing you that paycheck.
    What is a synonym for pay?Synonyms: pay, compensation, recompense, remittance, remuneration, more... Collocations: choose your payment method, enter your payment details, follow the payment instructions, more... " did you ever receive a redundancy or other payment benefit?" what does it mean? ...once payment is/has been made.
     
  4. A payment is a transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation. It often involves a set amount, agreed upon by all involved parties, and can occur in various forms, including cash, check, electronic transfers, credit cards, or other types of financial exchange systems.
    www.definitions.net/definition/payment
    Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved. A payment can be made in the form of services exchanged, cash, check, wire transfer, credit card, debit card, or cryptocurrencies.
    www.investopedia.com/terms/p/payment.asp
    payment noun pay·​ment ˈpā-mənt Synonyms of payment 1 : the act of paying 2 : something that is paid : pay
    www.merriam-webster.com/dictionary/payment
    payment noun uk / ˈpeɪ.mənt / us / ˈpeɪ.mənt / Add to word list B2 [ C or U ] an amount of money paid: Usually we ask for payment on receipt of the goods. We need a deposit of £165 followed by twelve monthly payments of £60.
    dictionary.cambridge.org/dictionary/english/payment
     
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