payment
5 ENTRIES FOUND:
plural
payments
plural
payments
Britannica Dictionary definition of PAYMENT
1
[noncount]
a
:
the act of giving money for something
:
the act of paying
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Payment is due on the first of every month.
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Prompt payment of your bill ensures that you will not have to pay any additional fees.
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We require payment in advance for all goods purchased.
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an online/electronic payment system
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a payment plan to reduce your debt
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He was released from prison on payment of [=after paying] a $5,000 fine.
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cash, credit cards, and other methods of payment
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I had the bank stop payment on the check. = I had a stop payment (order) put on the check. [=I told the bank not to take money from my account to pay for the check]
b
:
something that is given to someone in exchange for something else
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He accepted the tickets as payment (for his services).
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We bought them dinner in payment [=as a way of paying them] for all their help.
2
[count]
:
an amount of money that is paid for something
—
see also balance of payments, balloon payment, down payment
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Our records show that we received a payment of $215.36 in May.
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Buy this product for three easy payments of only $19.95!
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low monthly payments
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It took me five years to pay off the car, but I never missed a payment.
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making payments on a loan
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Their family is struggling to meet the payments on their house. = They're struggling to keep up (with) their mortgage payments.
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The credit card company just increased the penalty on late payments.
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She wrote the first three chapters of her book and received an advance payment from the publisher.
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cash payments from donors
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interest payments on a loan
