English Reference

Word

payment

Phoneticspay·ment, stress on the first syllable

US/ˈpeɪmənt/

UK/pˈeɪmənt/

Definitions

01the act of paying

B1 · Intermediate Uncountable noun

n. the act of giving money to someone for goods or services.

n. the process of transferring money or value in exchange for goods, services, or to fulfill a legal obligation.

“The shop requires payment before they will ship your order.”

“The contract stipulates that payment must be received in full before the intellectual property rights are officially transferred to the client.”

Usage

Often used with the prepositions 'for' or 'of'.

Antonyms

non-paymentdefault

02a sum of money

B1 · Intermediate Countable noun

n. a specific amount of money that you pay.

n. a specific sum of money paid or a single transaction within a series.

“I made a small payment on my credit card bill this morning.”

“The homeowner struggled to meet the monthly mortgage payments after the interest rates increased unexpectedly.”

Usage

Commonly used in the plural when referring to a series of scheduled costs.

Collocations

Common phrases and expressions where native English speakers use the word “payment” in context.

Verb

01. accept a payment

“Most local shops here do not accept payments by check anymore.”

verb + noun

02. make a payment

“You can make a payment using your credit card or through a bank transfer.”

verb + noun

03. receive a payment

“The company confirmed that they received the payment for the new laptop yesterday.”

verb + noun

Adjective

04. full payment

“We require full payment before we can send the goods to your address.”

adj + noun

05. late payment

“You will have to pay a small fee if you make a late payment on your bill.”

adj + noun

06. monthly payment

“My monthly payment for the car insurance is about fifty pounds.”

adj + noun

Noun

07. payment method

“Please select your preferred payment method at the checkout page.”

noun + noun

Preposition

08. in payment for

“The gallery accepted the painting in payment for his old debts.”

prep + noun + prep

09. payment system

Etymology

From Old French paiement. Equivalent to pay + -ment.

Etymology adapted from Wiktionary, available under CC BY-SA 4.0.

Word family

Related words

Idioms

This entry

Exam level
CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B1 PreliminaryIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.4.0–5.0TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 3.0–3.544–71TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.550–784
Frequency
Common
Level
B1 · IntermediateOxford
Updated

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English Reference