Definition, Meaning & Synonyms
payment
noun
/ˈpeɪ.mənt/
Definition
The act of giving money or something of value in exchange for goods or services.
Examples
- She made a payment on her new car.
- The payment is due by the end of the month.
- He received a payment for his freelance work.
Meaning
A payment is a transfer of money to settle a debt or fulfill an obligation.
Synonyms
- remittance
- settlement
- disbursement
- compensation
