Payment - Meaning, Definition & English Examples
Payment is the act of giving money or something of value in exchange for goods, services, or to settle a debt. It completes a transaction between parties.
Definition:
The act of giving money in exchange for goods or services.
Synonyms:
remittance, settlement, fee, compensation
Part of Speech:
noun
Antonyms:
nonpayment, debt
Common Collocations:
monthly payment, payment method, payment plan, payment receipt
Derivatives:
pay, payable, payer
Usage Tips:
Use "payment" when referring to the transfer of money for goods or services rendered.
Common Phrases:
down payment, payment in full, deferred payment
Etymology:
From Old French "paiement," derived from Latin "pacare," meaning to pacify or settle a debt.
Examples:
- 1. She made the payment online.
- 2. The payment is due next week.
- 3. He received a payment for his work.
- 4. They offer flexible payment options.