payment

payment
pay|ment
W1S2 [ˈpeımənt] n
1.)
an amount of money that has been or must be paid
▪ You can make a payment in any bank.
▪ Employees may occasionally receive bonus payments .
▪ The country cannot meet the payments on its £80 billion foreign debt.
▪ She agreed to repay the loan in monthly payments of £125.
▪ Discounts are offered for cash payments .
▪ the interest payments on your credit card bill
▪ They fell behind on their mortgage payments .
2.) [U]
the act of paying for something
payment of
▪ There are severe penalties for late payment of taxes.
payment in
▪ Most hotels here accept payment in dollars.
▪ Payment can be made by cheque or credit card.
▪ We do accept payment in instalments (=paying in small amounts over a period of time) .
▪ She demanded payment in advance .
in payment for sth
(=in order to pay for something)
▪ cheques received in payment for goods supplied
on payment of sth
(=when an amount has been paid)
▪ Any item can be reserved on payment of a deposit.
3.) payment in kind
a way of paying for something with goods or services instead of money
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COLLOCATES for sense 1
make a payment
receive a payment
meet the payments on something (=afford to pay something)
monthly payment
cash payment
down payment (=a small payment for something you are buying, when you will pay the rest later)
interest payment
mortgage payment
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Dictionary of contemporary English. 2013.

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Synonyms:
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Look at other dictionaries:

  • payment — I (act of paying) noun acquittal, acquittance, amortization, amortizement, clearance, compensation, defrayal, defrayment, disbursement, discharge of a debt, expenditure, liquidation, outlay, quittance, receipt in full, reckoning, recompense,… …   Law dictionary

  • Payment — Pay ment, n. [F. payment, paiement. See {Pay} to requite.] 1. The act of paying, or giving compensation; the discharge of a debt or an obligation. [1913 Webster] No man envieth the payment of a debt. Bacon. [1913 Webster] 2. That which is paid;… …   The Collaborative International Dictionary of English

  • payment — (n.) late 14c., from O.Fr. paiement, from paiier (see PAY (Cf. pay) (v.)) …   Etymology dictionary

  • payment — [n] fee; installment of fee acquittal, advance, alimony, amends, amortization, amount, annuity, award, bounty, cash, defrayal, defrayment, deposit, disbursement, discharge, down, fee, hire, indemnification, outlay, part, paying, pay off, pension …   New thesaurus

  • payment — ► NOUN 1) the action of paying or the process of being paid. 2) an amount paid or payable …   English terms dictionary

  • payment — [pā′mənt] n. 1. a paying or being paid 2. something that is paid 3. penalty or reward …   English World dictionary

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …   Collocations dictionary

  • Payment — A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation. The simplest and oldest form of… …   Wikipedia

  • payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… …   Black's law dictionary

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