Definition, Meaning & Synonyms

payday

noun

/ˈpeɪ.deɪ/

Definition

The day on which an employee receives their paycheck or payment for work completed.

Examples

Many employees look forward to payday as it allows them to manage their personal finances.
On payday, she treats herself to a nice dinner out.
He plans his budget carefully around payday to ensure all bills are paid on time.

Meaning

Payday is often eagerly awaited by workers as it signifies the receipt of their earnings after a specified period of work, typically weekly, bi-weekly, or monthly.