Payment dictionary definition | payment defined

payment

pay·ment

Use payment in a sentence

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A credit card is being used to make a payment.

A credit card is being used to make a payment.

noun

The definition of a payment is all or part of what is owed by someone.

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.

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

Noun

(countable and uncountable, plural payments)

(uncountable) The act of paying.
(countable) A sum of money paid in exchange for goods or services.

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.

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Sentence Examples

If the crop failed, payment was deferred and no interest could be charged for that year.
If he appropriated or sold the implements, impoverished or sublet the cattle, he was heavily fined and in default of payment might be condemned to be torn to pieces by the cattle on the field.
The whole property of the debtor might be pledged as security for the payment of the debt, without any of it coming into the enjoyment of the creditor.
The licences were for 31 years, expiring in 1922, without any provision for purchase or compensation, and were subject to the payment of a minimum royalty to the Post Office of 10 per cent.
Inasmuch as the debenture stocks and preference shares would have to be redeemed in 1911 at premiums ranging from 3 to 5 per cent., the state would have to pay the company £253,000 in excess of the total of the outstanding securities in order to enable the ordinary shares to receive par, and in the council's view this payment would diminish the p robability of the Post Office being able to afford a substantial reduction in the telephone charges.

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