Definitions for payment
Here are all the possible meanings and translations of the word payment.
a sum of money paid or a claim discharged
payment, defrayal, defraymentnoun
the act of paying money
an act of requiting; returning in kind
The act of paying.
A sum of money paid in exchange for goods or services.
Samuel Johnson's Dictionary
Etymology: from pay.
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.
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.
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.
the act of paying, or giving compensation; the discharge of a debt or an obligation
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
Etymology: [F. payment, paiement. See Pay to requite.]
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.
To spend money or a form of currency.
The payments processed efficiently.
Submitted by MaryC on March 3, 2020
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'payment' in Spoken Corpus Frequency: #1921
Written Corpus Frequency
Rank popularity for the word 'payment' in Written Corpus Frequency: #2628
Rank popularity for the word 'payment' in Nouns Frequency: #455
The numerical value of payment in Chaldean Numerology is: 1
The numerical value of payment in Pythagorean Numerology is: 4
One of the ideas suggested is they open it, they pay some sort of prorated down payment for the wall, which, I think people would agree, you need.
It is always worthwhile to take advantage of various methods of getting back into filing or payment compliance before being personally contacted by the The IRS.
If you have an express delivery system and a reliable payment system, you can do a lot of trade that was not possible before.
The top three reasons one would use it would be speed, costs, security, your speed to settle a payment is higher, and your cost comes down dramatically.
Some sort of model where there was a partial payment over time could work well.
Popularity rank by frequency of use
Translations for payment
From our Multilingual Translation Dictionary
- pagamentCatalan, Valencian
- Zahlung, BezahlungGerman
- ordain, ordainketa, ordaintzeBasque
- payement, paiementFrench
- dìoladhScottish Gaelic
- kifizetés, fizetség, fizetésHungarian
- paremata, utungaMāori
- betaling, uitbetalingDutch
- plată, plătireRomanian
- платёж, оплата, платаRussian
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"payment." Definitions.net. STANDS4 LLC, 2023. Web. 8 Feb. 2023. <https://www.definitions.net/definition/payment>.