Definition of Payment
Payment
Pay·ment


Definition/Meaning
(noun)
The act of paying or the amount paid for something.

e.g. The company delayed the payment of salaries to its employees.

(noun)
something that is given or paid, an amount that is to be paid;

e.g. If you give us a small payment, we can do this job for you.

(noun)
something that is offered in return for something else, such as a compensation or reward;

e.g. She treated them to dinner as payment for all of their help.



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