DictionaryAI

payment

noun
PAY-muhnt/ˈpeɪmənt/

Pluralpayments

2 meanings of payment

Practice

  1. 1
    sum of moneynouncountable
    A sum of money paid, for goods or services or toward a debt, or the transaction that conveys it.

    The contractor expects a deposit and a final payment on completion.

    Late payments on the credit card triggered an additional fee.

    UsageUsually you make a payment: a payment on or toward a loan, a payment for goods, a payment of $500.

    Similarinstallment, remittance, sum

  2. 2
    settling upnoununcountable
    The act of paying: handing over money for goods, services, or to settle what is owed.

    Payment of the invoice was delayed until the goods were inspected.

    The landlord expects payment of the rent by the first of each month and charges a late fee after the fifth.

    UsageOften with no article: payment is due, payment by card or cash, payment of the rent.

    Similarsettlement

    Oppositenonpayment, default

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Origin

From Old French "paiement," equivalent to "pay" combined with the suffix "-ment."

Checked 6 Nov 2026 · 2 facts