payment

pay-ment · noun

imported

Definitions

noun

  1. 1.

    The action or process of paying someone or something.

  2. 2.

    A sum of money paid or due to be paid.

  3. 3.

    Something given as reward or in return for a service.

Forms

plural: payments

Phrases & expressions

  • •
    down payment — an initial payment made when buying on credit
  • •
    payment plan — an arrangement to pay for something in installments
  • •
    in payment of — as settlement for a debt or obligation

Related words

Antonyms: debt, nonpayment
See also: invoice, pay, payments
Synonyms: compensation, remittance, settlement

Etymology

From Old French paiement, from paier ("to pay"), from Latin pacare ("to pacify, satisfy").