English · Work & Business
payment
/ˈpeɪ.mənt/
[/ˈpeɪ.mənt/]
money given for something
Beginnernoun
Definition
The act of paying money, or the amount of money paid for goods, services, or a debt.
Example
She made the final payment on her car loan and felt a great sense of relief.
She made the final payment on her car loan and felt a great sense of relief.
Etymology
From Old French 'paiement', from 'payer' (to pay), from Latin 'pacare' (to pacify, satisfy).
How & Where It’s Used
Used widely in finance and commerce; includes digital and cash payments.