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."

Primary Meanings of payment

the act of paying money
an act of requiting; returning in kind
Full Definitions of payment

n the act of paying money

defrayal, defrayment
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)

n a sum of money paid or a claim discharged

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

n an act of requiting; returning in kind

Type of:
getting even, paying back, return
a reciprocal group action

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