Definitions for PAYMENT
ˈpeɪ məntpay·ment

Princeton's WordNetRate this definition:4.4 / 5 votes

1. paymentnoun

   a sum of money paid or a claim discharged

2. payment, defrayal, defraymentnoun

   the act of paying money

3. requital, paymentnoun

   an act of requiting; returning in kind

WiktionaryRate this definition:4.5 / 2 votes

1. paymentnoun

   The act of paying.

2. paymentnoun

   A sum of money paid in exchange for goods or services.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. Paymentnoun

   Etymology: from pay.

   1. The act of paying.2. The discharge of debt or promise.

   Thy husband commits his body
   To painful labour both by sea and land,
   And craves no other tribute at thy hands
   But love, fair looks, and true obedience;
   Too little payment for so great a debt. William Shakespeare.

   Persons of eminent virtue, when advanced, are less envied, for their fortune seemeth but due unto them; and no man envieth the payment of a debt. Francis Bacon.

   3. A reward.

   Give her an hundred marks.
   —— An hundred marks! by this light I’ll ha’ more.
   An ordinary groom is for such payment. William Shakespeare.

   The wages that sin bargains with the sinner, are life, pleasure and profit; but the wages it pays him with, are death, torment and destruction: he that would understand the falsehood and deceit of sin thoroughly, must compare its promises and its payments together. Robert South, Sermons.

   4.Chastisement; sound beating. Robert Ainsworth

WikipediaRate this definition:0.0 / 0 votes

1. Payment

   A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making a payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: the use of money, cheque, or debit, credit or bank transfers. the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another.In general, the payee is at liberty to determine what method of payment he or she will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly effected in the local currency of the payee, unless if the parties agree otherwise. Payment in another currency involves an additional foreign exchange transaction. The payee may compromise on a debt, i.e., accept a part payment in full settlement of a debtor's obligation, or may offer a discount, E.G: For payment in cash, or for prompt payment, etc. On the other hand, the payee may impose a surcharge, for example, as a late payment fee, or for use of a certain credit card, etc. Payments are frequently preceded by an invoice or bill, which follow the supply of goods or services, but in some industries (such as travel and hotels) it is becoming common for pre-payments to be required before the service is performed or provided. In some industries, a deposit may be required before services are performed, which acts as a part pre-payment or as security to the service provider. In some cases, progress payments are made in advance, and in some cases part payments are accepted, which do not extinguish the payer’s legal obligations. The acceptance of a payment by the payee extinguishes a debt or other obligation. A creditor cannot unreasonably refuse to accept a payment, but payment can be refused in some circumstances, for example, on a Sunday or outside banking hours. A payee is usually obligated to acknowledge payment by producing a receipt to the payer. A receipt may be an endorsement on an account as "paid in full". The giving of a guarantee or other security for a debt does not constitute a payment.

ChatGPTRate this definition:0.0 / 0 votes

1. payment

   A payment is a transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation. It often involves a set amount, agreed upon by all involved parties, and can occur in various forms, including cash, check, electronic transfers, credit cards, or other types of financial exchange systems.

Webster DictionaryRate this definition:3.7 / 3 votes

1. Paymentnoun

   the act of paying, or giving compensation; the discharge of a debt or an obligation

2. Paymentnoun

   that which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return

3. Paymentnoun

   punishment; chastisement

4. Etymology: [F. payment, paiement. See Pay to requite.]

WikidataRate this definition:3.5 / 2 votes

1. Payment

   A payment is the transfer of money from one party to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements. In law, the payer is the party making a payment while the payee is the party receiving the payment.

Editors ContributionRate this definition:0.0 / 0 votes

1. payment

   To spend money or a form of currency.

   The payments processed efficiently.

   
   

   Submitted by MaryC on March 3, 2020  

Surnames Frequency by Census RecordsRate this definition:0.0 / 0 votes

1. PAYMENT

   According to the U.S. Census Bureau, Payment is ranked #34314 in terms of the most common surnames in America.
   
   The Payment surname appeared 661 times in the 2010 census and if you were to sample 100,000 people in the United States, approximately 0 would have the surname Payment.
   
   78.9% or 522 total occurrences were White.
   11.8% or 78 total occurrences were American Indian or Alaskan Native.
   4.6% or 31 total occurrences were of two or more races.
   3.3% or 22 total occurrences were of Hispanic origin.

Matched Categories

1. • Commerce
   • Cost
   • Return

British National Corpus

1. Spoken Corpus Frequency

   Rank popularity for the word 'PAYMENT' in Spoken Corpus Frequency: #1921

2. Written Corpus Frequency

   Rank popularity for the word 'PAYMENT' in Written Corpus Frequency: #2628

3. Nouns Frequency

   Rank popularity for the word 'PAYMENT' in Nouns Frequency: #455

Usage in printed sourcesFrom: 

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How to pronounce PAYMENT?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say PAYMENT in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of PAYMENT in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of PAYMENT in Pythagorean Numerology is: 4

Examples of PAYMENT in a Sentence

1. Jessica Lautz:

   Black households not only spend a bigger portion of their income on rent, but they are also more likely to hold student debt and have higher balances, this makes it difficult for Black households to save for a down payment and as a result, they often use their 401( k) or retirement savings to enter homeownership.

2. Emma Delaney:

   Redefining convenience is about much more than fuel. Sure, convenient fuel payment via our app works, but customers on the go want much more than fuel. And so we bake pastries, brew coffee, package deliveries for customers.

3. Diane Whitmore Schanzenbach:

   It looks like families are using this to pay for basic needs that their kids have, these are things we know many families are struggling with. This extra payment is going to reduce the number of families at risk.

4. The State Department:

   Some Thai officials are complicit in trafficking crimes and corruption continues to undermine anti-trafficking efforts, in some instances, corrupt officials on both sides of land borders accept payment from smugglers involved in the movement of migrants between Thailand and some neighboring countries ... some of these migrants subsequently become trafficking victims.

5. Finance Minister Apisak Tantivorawong:

   This should make people go for e-payment quickly.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=PAYMENT
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Payment
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=PAYMENT
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Payment
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/PAYMENT
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=PAYMENT
8. ^ Surnames Frequency by Census Records
   https://www.census.gov/topics/population/genealogy/data/2010_surnames.html
9. ^ Usage in printed sources
   https://books.google.com/ngrams/graph?content=PAYMENT