payment Definition

  • 1the act of giving money in exchange for goods or services
  • 2the amount of money that is paid for something

Using payment: Examples

Take a moment to familiarize yourself with how "payment" can be used in various situations through the following examples!

  • Example

    I made a payment on my credit card bill.

  • Example

    The payment for the car was due yesterday.

  • Example

    He received a payment for his work.

  • Example

    We accept cash, check, and credit card payments.

payment Synonyms and Antonyms

Phrases with payment

  • to pay money that is owed


    I need to make a payment on my loan.

  • a payment that is made after the due date


    If you make a late payment, you may be charged a fee.

  • a payment that is less than the full amount owed


    I can only afford to make a partial payment this month.


Summary: payment in Brief

The term 'payment' [ˈpeɪmənt] refers to the act of giving money in exchange for goods or services, or the amount of money paid. It includes phrases like 'make a payment,' 'late payment,' and 'partial payment.' 'Payment' is a formal term used in financial contexts.

How do native speakers use this expression?