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Contents
payment
Overview
This page has two definitions of payment in English. Payment is a noun. Also define these 11 related words and terms: pay, money, exchange, goods, service, transaction, credit, debit, withholding, garnishment, and billing.
See also: Payment
English
Etymology
From Old French paiement. Equivalent to pay + -ment.
Pronunciation
Noun
payment (countable and uncountable, plural payments)
- (uncountable) The act of paying.
Pay definition
To give money or other compensation to in exchange for goods or services. (1 of 8 pay definitions)
- (countable) An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.
- Hypernym: transaction
- Coordinate terms: credit, debit, withholding, garnishment, billing
- 1918, W. B. Maxwell, chapter 7, in The Mirror and the Lamp[1]:
- “ […] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment.” Saying this Walden rubbed his hands together and smiled contentedly.
Money definition
A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply. (1 of 8 money definitions)
Exchange definition
An act of exchanging or trading. (1 of 11 exchange definitions)
Transaction definition
The act of conducting or carrying out (business, negotiations, plans). (1 of 7 transaction definitions)
Debit definition
In bookkeeping, an entry in the left hand column of an account. (1 of 2 debit definitions)
Withholding definition
present participle of withhold
Garnishment definition
A judgment that a third party should pay money owing to a defendant directly to a plaintiff.
Billing definition
present participle of bill
See also
Derived terms
Terms derived from payment
Translations
the act of paying
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a sum of money paid in exchange for goods or services