Payment
/ˈpeɪmənt/
Definitions
2 meaningsThe act of giving money or goods to someone or something for something that has been done or received.
/ˈpeɪmənt/
The act of paying money or the money paid.
The payment was made on time.
💡 Simply: It's like when you give money for something you bought, like paying for your ice cream at the store. You made a payment!
👶 For kids: Giving someone money for something.
More Examples
We require payment within 30 days.
The payment covered the cost of the repairs.
How It's Used
"The company processed the payment for the invoice."
"We accept payment by credit card, debit card, and cash."
"The court ordered a payment of damages to the plaintiff."
The money given or received.
/ˈpeɪmənt/
Money paid.
We received the final payment.
💡 Simply: It's the actual money you hand over, like the bills you give when you pay for your candy.
👶 For kids: The money that is given.
More Examples
The payment was made by check.
The payment amount was $100.
How It's Used
"The company received the payment for the goods."
"The mortgage payment is due on the first of each month."
Synonyms & Antonyms
Idioms & expressions
in payment of
As a way of paying for something.
"He sent a check in payment of his debt."
make a payment
To give money to someone for something.
"I need to make a payment on my car loan."
From Middle English paiement, payement, from Old French paiement (payment, reward), from payer (to pay), from Latin pacare (to appease, pacify, pay).
The word 'payment' has been used since the 14th century, initially referring to a settlement or satisfaction, often in the context of debts or obligations.
Memory tip
Think of it as the 'pay' meant to satisfy a debt or obligation.
Word Origin
"to appease, pacify, pay (pacare)"