noun
payment
PAY-muhnt/ˈpeɪmənt/
The act or amount of giving money or other value to settle an obligation.
The server collects the payment left beside the empty cup and plate.
Etymology
Payment began with the action of paying or repaying, and the amount due. It then came to name the money or thing actually handed over to discharge the debt.
In context
understanding just sort of what credit card debt means, what mortgage debt means, what a car payment means, budgeting, understanding money in, money out.
More examples
- The store requires payment before shipping your order.
- Late payments can lead to extra fees.
- He accepts fresh vegetables as payment for fixing the fence.
Forms
payment · payments
pay verb — To give money for purchases or debts.
payable adjective — Required or able to be paid.
Similar words
- remittance
- Money sent to someone, especially over a long distance.
- installment
- One of several partial payments toward a total amount.