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payment - definition and synonyms

 
 
 
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noun payment pronunciation in British English /ˈpeɪmənt/
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singularpayment
pluralpayments
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  1. 1
    [countable] an amount of money that you pay or receive
    The first payment is due on 31 January.
    make a payment: You have to make a payment of £55 every month.
    meet payments (=manage to make payments): He failed to meet payments on his rent.
    cash payment: Large cash payments had been made to four government ministers.
  2. 2
    [uncountable] the process of paying money
    payment of: We require prompt payment of all bills.
    on payment of something (=when something has been paid): Membership may be renewed on payment of further subscriptions.
    delay/withhold payment: Many companies delay payment as long as they can.
  3. 3
    [uncountable] something that happens to you, as a reward or punishment for something that you have done
    payment for: Such treatment didn’t seem like fair payment for his years of loyalty.

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