Payment is the process of either giving money to someone, or of receiving money from someone. If you borrow money to buy a car, you'll be expected to make a monthly payment for several years.

Your paycheck itself is a payment, and so is the act of your boss handing you that paycheck. There are also types of payment that don't involve money, like when your payment for watching your little cousin one afternoon consists of a big piece of your uncle's famous apple pie. Payment, from the verb pay, is rooted in the Latin pacare, used to mean "satisfy a creditor," but originally defined as "please, satisfy, or make peaceful."

Definitions of payment
  1. noun
    the act of paying money
    synonyms: defrayal, defrayment
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    evasion, nonpayment
    the deliberate act of failing to pay money
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    amortisation, amortization
    payment of an obligation in a series of installments or transfers
    fee splitting
    payment (usually by doctors or lawyers) of part of the fee in return for the referral
    the act of paying too much
    payment in advance
    payment for the release of someone
    refund, repayment
    the act of returning money received previously
    the act of paying for goods or services or to recompense for losses
    giving in acknowledgment of obligation
    disbursal, disbursement, outlay, spending
    the act of spending or disbursing money
    payment by one nation for protection by another
    the act of paying less than required
    expending, expenditure
    the act of spending money for goods or services
    compensatory spending, deficit spending, pump priming
    spending money raised by borrowing; used by governments to stimulate their economy
    type of:
    commerce, commercialism, mercantilism
    transactions (sales and purchases) having the objective of supplying commodities (goods and services)
  2. noun
    a sum of money paid or a claim discharged
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    default, nonpayment, nonremittal
    loss resulting from failure of a debt to be paid
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    payment to the holder of a patent or copyright or resource for the right to use their property
    bonus, incentive
    an additional payment (or other remuneration) to employees as a means of increasing output
    a payment larger than needed or expected
    a payment smaller than needed or expected
    a payment for consecutive issues of a newspaper or magazine for a given period of time
    regular payment
    a payment made at regular times
    blood money
    paid to a hired murderer
    payment or reward (as for service rendered)
    money returned to a payer
    conscience money
    payment made voluntarily to reduce guilt over dishonest dealings
    support payment
    a payment made by one person for the support of another
    payment made in return for a service rendered
    bribe, payoff
    payment made to a person in a position of trust to corrupt his judgment
    (often plural) a payment that is made to a performer or writer or director of a television show or commercial that is paid for every repeat showing
    financial assistance in time of need
    lump sum
    a complete payment consisting of a single sum of money
    final payment, payoff
    the final payment of a debt
    remission, remitment, remittal, remittance
    a payment of money sent to a person in another place
    quittance, repayment
    payment of a debt or obligation
    token payment
    a small payment made in acknowledgement of an obligation
    a payment required for not fulfilling a contract
    an inadequate payment
    insurance premium, premium
    payment for insurance
    a payment of part of a debt; usually paid at regular intervals
    deposit, down payment
    a partial payment made at the time of purchase; the balance to be paid later
    (law) the payment of a debt or fulfillment of an obligation
    credit, deferred payment
    arrangement for deferred payment for goods and services
    cash, immediate payment
    prompt payment for goods or services in currency or by check
    stock option
    a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price
    bounty, premium
    payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military
    a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.
    a bonus; something extra (especially a share of a surplus)
    sales incentive
    remuneration offered to a salesperson for exceeding some predetermined sales goal
    adjustment, allowance
    an amount added or deducted on the basis of qualifying circumstances
    earnings, pay, remuneration, salary, wage
    something that remunerates
    discount, rebate
    a refund of some fraction of the amount paid
    something (such as money) given or received as payment or reparation (as for a service or loss or injury)
    support paid by one half of an unmarried partnership after the relationship ends
    alimony, maintenance
    court-ordered support paid by one spouse to another after they are separated
    a fee paid for a nominally free service
    blood money
    a reward for information about a murderer
    a reward or payment
    a fitting reward
    hush money
    a bribe paid to someone to insure that something is kept secret
    a commercial bribe paid by a seller to a purchasing agent in order to induce the agent to enter into the transaction
    a bribe given to a disc jockey to induce him to promote a particular record
    money offered as a bribe
    a sum of money allotted on a regular basis; usually for some specific purpose
    annuity, rente
    income from capital investment paid in a series of regular payments
    installment buying, installment plan, time plan
    a system for paying for goods by installments
    cost-of-living benefit
    a benefit that goes to anyone whose money receipts increase automatically as prices rise
    death benefit
    insurance or pension money payable to a beneficiary of a deceased
    disability benefit
    insurance benefits paid in case of disability
    sick benefit, sickness benefit
    money paid (by the government) to someone who is too ill to work
    fringe benefit, perk, perquisite
    an incidental benefit awarded for certain types of employment (especially if it is regarded as a right)
    child support
    court-ordered support paid by one spouse to the other who has custody of the children after the parents are separated
    repayment of the principal amount of a debt or security at or before maturity (as when a corporation repurchases its own stock)
    requital, retribution
    a justly deserved penalty
    forfeit, forfeiture
    a penalty for a fault or mistake that involves losing or giving up something
    amercement, fine, mulct
    money extracted as a penalty
    margin, security deposit
    the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities
    disability check, disability payment
    a monthly payment made to someone who has become disabled and is unable to work
    a regular payment to a person that is intended to allow them to subsist without working
    type of:
    the total spent for goods or services including money and time and labor
  3. noun
    an act of requiting; returning in kind
    synonyms: requital
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    type of:
    getting even, paying back, return
    a reciprocal group action
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