payment
n.-
1 the act of paying (n.) B1 Intermediatethe act of giving money to someone for goods or services.
the process of transferring money or value in exchange for goods, services, or to fulfill a legal obligation.
ExampleThe shop requires payment before they will ship your order.
ExampleThe contract stipulates that payment must be received in full before the intellectual property rights are officially transferred to the client.
UsageOften used with the prepositions 'for' or 'of'.
- settlement
- remittance
- non payment
- default
-
2 a sum of money (n.) B1 Intermediatea specific amount of money that you pay.
a specific sum of money paid or a single transaction within a series.
ExampleI made a small payment on my credit card bill this morning.
ExampleThe homeowner struggled to meet the monthly mortgage payments after the interest rates increased unexpectedly.
UsageCommonly used in the plural when referring to a series of scheduled costs.
From Old French paiement. Equivalent to pay + -ment.
- Nounpayment
- Nounrepayment
- 01
grease payment
A bribe or extorted money, usually relatively small in amount, provided to a low-level government official or business person, in order to expedite a business decision, shipment, or other transaction, especially in a country where such payments are not unusual.
- 02
lubrication payment
A bribe or extorted money, usually relatively small in amount, provided to a low-level government official or business person, in order to expedite a business decision, shipment, or other transaction, especially in a country where such payments are not unusual.