Payment

usgb/ˈpeɪmənt/
noun

The act of giving money for something you bought or for a service.

I sent the payment for the TV I bought online.
Visual representation of "payment" - The act of giving money for something you bought or for a service.

Often appears as...

  • make a payment
  • send a payment
Definition 1 of 4
Visual representation of "payment"
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Common Timing

Payment usually follows the receipt of goods or services, not before.

Illustration for Common Timing
I'll make the payment once the repairs are completed.
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Delayed Transaction

Sometimes, payment can be delayed with an agreement, termed as 'on credit'.

Illustration for Delayed Transaction
I bought the sofa on credit; the payment is due next month.
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Transaction Proof

Keep receipts or confirmations as proof of payment for any disputes.

Illustration for Transaction Proof
After I sent the payment, I printed the confirmation email.
Word comparison image

Compare with

compensationdisburseexpenditureoutlayreimburseremittanceremuneratesettlementtransaction
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Visual representation of the word "Payment"

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