DictionaryAI

payment

noun
PAY-muhnt/ˈpeɪmənt/

Pluralpayments

2 meanings of payment

Practice

  1. 1
    sum of moneynouncountable
    An amount of money you pay, for example to buy something or to pay back what you owe.

    Like handing over coins at a shop counter to get the thing you bought.

    The first payment is due at the end of the month.

    She made three payments toward the loan before it was cleared.

    UsageSay make a payment. You make payments on a loan.

    Similarinstallment, remittance, sum

  2. 2
    settling upnoununcountable
    The act of giving money to buy something or to settle what you owe.

    Like settling the bill at the end of a meal before you leave.

    Payment is required before the order ships.

    The store accepts payment by card or cash.

    UsageOften with no a: payment by card, payment of the rent.

    Similarsettlement

    Oppositenonpayment, default

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Origin

From Old French "paiement." It is "pay" plus the ending "-ment."

Checked 6 Nov 2026 · 2 facts