Payment

Pronunciation: /ˈpeɪmənt/

Payment (noun)

  1. The act of giving money for goods or services received.
  2. A specific amount of money that is due at a certain time.

Examples

  • The payment was received yesterday.
  • The payment is due at the end of the month.

Common collocations: make a payment, receive a payment, process a payment, set up a payment, miss a payment

Synonyms of Payment

Formal

Neutral

Antonyms of Payment

  • — A payment reduces debt, while debt indicates money owed.
  • — Payment is the act of paying; nonpayment is the absence of it.