A credit card is being used to make a payment.
- An example of a payment is the check you write to pay your phone bill.
- An example of a payment is using your credit card to pay $100 of what you owe on a bill.
The definition of a payment is all or part of what is owed by someone.
payment
- a paying or being paid
- something that is paid
- penalty or reward
payment
noun
- The act of paying or the state of being paid.
- An amount paid: received a large payment.
- One's due, reward, or punishment; requital.
payment
payment - Investment & Finance Definition
In trading terms, an instruction to transfer funds or a financial asset to pay for a transaction. In the case of transferring money to pay for stock or another investment, until the transaction settles, it is not yet final.
payment - Legal Definition
n
Delivery of funds in
settlement of a claim or debt; fulfillment of a monetary obligation.
