Meaning of the word payment in English

What does payment mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

payment

US /ˈpeɪ.mənt/
UK /ˈpeɪ.mənt/
"payment" picture

Noun

1.

the action or process of paying someone or something or of being paid

Example:
The payment is due by the end of the month.
She made a quick payment for her groceries.
2.

an amount of money paid or to be paid

Example:
The monthly payment for the car is $300.
He received a large payment for his services.
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