Definition of payment

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Payment (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation..

Lern More About Payment

Defrayal :: Defrayal (n.) The act of defraying; payment; as, the defrayal of necessary costs..
Contribution :: Contribution (n.) Payment, by each of several jointly liable, of a share in a loss suffered or an amount paid by one of their number for the common benefit..
Suspension :: Suspension (n.) A conditional withholding, interruption, or delay; as, the suspension of a payment on the performance of a condition..
Remit :: Remit (v. i.) To send money, as in payment..
Discharge :: Discharge (v. t.) To send away (a creditor) satisfied by payment; to pay one's debt or obligation to.
Nonpayment :: Nonpayment (n.) Neglect or failure to pay.
Distress :: Distress (n.) The act of distraining; the taking of a personal chattel out of the possession of a wrongdoer, by way of pledge for redress of an injury, or for the performance of a duty, as for nonpayment of rent or taxes, or for injury done by cattle, etc..
Note :: Note (n.) A written or printed paper acknowledging a debt, and promising payment; as, a promissory note; a note of hand; a negotiable note..
Draff :: Draff (n.) An order from one person or party to another, directing the payment of money; a bill of exchange..
Distrain :: Distrain (v. t.) To seize, as a pledge or indemnification; to take possession of as security for nonpayment of rent, the reparation of an injury done, etc.; to take by distress; as, to distrain goods for rent, or of an amercement..
Ratable :: Ratable (a.) Made at a proportionate rate; as, ratable payments..
Tender :: Tender (v. t.) To offer in payment or satisfaction of a demand, in order to save a penalty or forfeiture; as, to tender the amount of rent or debt..
Indecimable :: Indecimable (a.) Not decimable, or liable to be decimated; not liable to the payment of tithes..
Prepayment :: Prepayment (n.) Payment in advance.
Entertainment :: Entertainment (n.) Payment of soldiers or servants; wages.
Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
Advancement :: Advancement (v. t.) An advance of money or value; payment in advance. See Advance, 5..
Voucher :: Voucher (n.) A book, paper, or document which serves to vouch the truth of accounts, or to confirm and establish facts of any kind; also, any acquittance or receipt showing the payment of a debt; as, the merchant's books are his vouchers for the correctness of his accounts; notes, bonds, receipts, and other writings, are used as vouchers in proving facts..
Draught :: Draught (n.) An order for the payment of money; -- in this sense almost always written draft.
Overdue :: Overdue (a.) Due and more than due; delayed beyond the proper time of arrival or payment, etc.; as, an overdue vessel; an overdue note..
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