What does payment mean?

Definitions for payment
ˈpeɪ məntpay·ment

This dictionary definitions page includes all the possible meanings, example usage and translations of the word payment.

Princeton's WordNet

  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

Wiktionary

  1. paymentnoun

    The act of paying.

  2. paymentnoun

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

Samuel Johnson's Dictionary

  1. Paymentnoun

    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.

Wikipedia

  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.

ChatGPT

  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 Dictionary

  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.]

Wikidata

  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 Contribution

  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 Records

  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

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

How to pronounce payment?

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. Lorenza Martinez:

    These unauthorized transfers were originated in the system that connects the institutions to the payment system.

  2. Timothy Naftali:

    President Joe Biden has a very intuitive sense of the American people. President Joe Biden understands that there is a great deal of American support for Republicans as well as Democrats for reducing America's involvement in the world, one of the things President Joe Biden is banking on is a short period of chaos will be accepted by the American people as a down payment on a future more sustainable American position in the world.

  3. Bernie Sanders of Vermont:

    As a result of this horrific pandemic, tens of millions of Americans are living in economic desperation not knowing where their next meal or paycheck will come from, the one-time $ 1,200 check that many Americans recently received is not nearly enough to pay the rent, put food on the table and make ends meet. During this unprecedented crisis, Congress has a responsibility to make sure that every working-class household in America receives a $ 2,000 emergency payment a month for each family member.

  4. Joseph Yun:

    My view is, yes. If you've signed, if you promised another government from the U.S. government that you would make the payment, my view certainly is that we should go ahead and meet our end of the commitment.

  5. David Mearns:

    With an interim report due to be delivered within a month of the accident, authorities have expressed hopes a remote underwater vehicle provides evidence. FRENCH SOCCER CLUB DEMAND PAYMENT OVER $ 19M EMILIANO SALA TRANSFER AS DIVERS SEARCH FOR HIS BODY The formal search was called off within three days of the plane disappearing from radar last month. It took a campaign by Salas family to raise funds for a private search by American-born, shipwreck-hunting specialist David Mearns, who located the aircraft within hours on Sunday in conjunction with air crash investigators. David Mearns told BBC Radio Wales that finding the pilots body would be difficult. Ive been involved in operations when people were lost and the bodies were found days and weeks after, not far from where they were lost.

Popularity rank by frequency of use

payment#1#539#10000

Translations for payment

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"payment." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/payment>.

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