Payment

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Dictionary Meaning and Definition on 'Payment'

Payment Meaning and Definition from WordNet (r) 2.0
    payment n
  1. a sum of money paid [ant: nonpayment]
  2. the act of paying money [syn: defrayal, defrayment] [ant: evasion]
Payment Meaning and Definition from Webster's Revised Unabridged Dictionary (1913)
    Payment \Pay"ment\, n. [F. payment, paiement. See Pay to requite.]
  1. The act of paying, or giving compensation; the discharge of a debt or an obligation. No man envieth the payment of a debt. --Bacon.
  2. That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return. --Shak.
  3. Punishment; chastisement. [R.]
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Wikipedia Meaning and Definition on 'Payment'


A payment is the transfer of wealth from one party (such as a person or company) to another. A payment is usually made in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

The simplest and oldest form of payment is barter, the exchange of one good or service for another. In the modern world, common means of payment by an individual include money, cheque, debit, credit, or bank transfer, and in trade such payments are frequently preceded by an invoice or result in a receipt. However, there are no arbitrary limits on the form a payment can take and thus in complex transactions between businesses, payments may take the form of stock or other more complicated arrangements.

In law, the payer is the party making a payment while the payee is the party receiving the payment.

[See more about Payment at Dictionary 3.0 Encyclopedia]

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'Payment' in famous quotation sentence


* I had learned to respect the intelligence, integrity, creativity and capacity for deep thought and hard work latent somewhere in every child they had learned that I differed from them only in years and experience, and that as I, an ordinary human being, loved and respected them, I expected payment in kind. - Sybil Marshall

* Bank on a life, saving towards the certainty of change Ledger all the happiness, pencil in to rearrange Withdraw all the worry Deposit all the faith Compound all the experience and Recognize when the payment is late. - Unknown


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Payment Sample Sentences in News


  • New Payment Systems Make Online Payments in Australia Easier - PRWeb
    Ecommerce in Australia has always been a long way behind the USA in terms of market share but emarketer's recent projection that online sales will hit $13 billion in Australia in 2012 up from $10.1 billion suggests momentum is now building. One of the ... Read more on this news related to 'Payment'
  • PayLeap Attempts To Woo Startups With New Payment Referral Kickback - TechCrunch
    If you are in the business of needing to process shopping for your ecommerce startup then this is going to be of interest. If not, look away now. Today at TechCrunch Disrupt in New York the startup PayLeap, which is a payment platform for ... Read more on this news related to 'Payment'
  • Vantiv and Saylent Technologies Announce Strategic Relationship to Deliver Payment Intelligence Solutions - Yahoo Finance
    CINCINNATI and FRANKLIN, Mass., May 7, 2012 /PRNewswire/ -- Vantiv, Inc. (VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, announced today a new ... Read more on this news related to 'Payment'

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