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
Synonyms for payment
Phrases with payment
Example
I need to make a payment on my loan.
Example
If you make a late payment, you may be charged a fee.
Example
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.