American Dictionary

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Definition payment in American English

payment noun

noun
/ˈpeɪmənt/

▪ accept, authorize, delay, demand, enforce, make, meet, receive, secure, suspend, withhold

1

an amount of money that you pay or receive

Example

The first payment is due on January 31.

Example

You have to make a payment of $55 every month.

Example

He failed to meet payments on his rent.

Example

Large cash payments had been made to four government officials.

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2

the process of paying money

Example

We require prompt payment of all bills.

Example

Membership may be renewed on payment of further subscriptions.

Example

Many companies delay payment as long as they can.

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3

something that happens to you, as a reward or punishment for something that you have done

Example

Such an insignificant position didn't seem like fair payment for his years of loyalty.

Synonyms and related words
Definition payment in American English