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payment

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noun British English pronunciation: payment /ˈpeɪmənt/ 
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singularpayment
pluralpayments
  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.

    Thesaurus entry for this meaning of  paymentThesaurus entry for this meaning of payment
  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.

    Thesaurus entry for this meaning of  paymentThesaurus entry for this meaning of payment
  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.

    Thesaurus entry for this meaning of  paymentThesaurus entry for this meaning of payment

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