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Definition of payment
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of payment is as below...
Payment
(n.) 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..
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Resolute
::
Resolute
(n.)
Redelivery;
repayment.
Prompt-note
::
Prompt-note
(n.) A
memorandum
of a sale, and time when
payment
is due, given to the
purchaser
at a sale of
goods..
Tidewaiter
::
Tidewaiter
(n.) A
customhouse
officer
who
watches
the
landing
of goods from
merchant
vessels,
in order to
secure
payment
of
duties..
Ratable
::
Ratable
(a.) Made at a
proportionate
rate; as,
ratable
payments..
Bottomry
::
Bottomry
(n.) A
contract
in the
nature
of a
mortgage,
by which the owner of a ship, or the
master
as his
agent,
hypothecates
and binds the ship (and
sometimes
the
accruing
freight)
as
security
for the
repayment
of money
advanced
or lent for the use of the ship, if she
terminates
her
voyage
successfully.
If the ship is lost by
perils
of the sea, the
lender
loses the
money;
but if the ship
arrives
safe, he is to
receive
the money lent, with the
interest
or
premium
stipulated,
although
it may, and
Payment
::
Payment
(n.) The act of
paying,
or
giving
compensation;
the
discharge
of a debt or an
obligation..
Collect
::
Collect
(v. t.) To
demand
and
obtain
payment
of, as an
account,
or other
indebtedness;
as, to
collect
taxes..
Installment
::
Installment
(n.) A
portion
of a debt, or sum of
money,
which is
divided
into
portions
that are made
payable
at
different
times.
Payment
by
installment
is
payment
by parts at
different
times,
the
amounts
and times being often
definitely
stipulated..
Encashment
::
Encashment
(n.) The
payment
in cash of a note,
draft,
etc..
Dunner
::
Dunner
(n.) One
employed
in
soliciting
the
payment
of
debts.
Bonded
::
Bonded
(a.)
Placed
under,
or
covered
by, a bond, as for the
payment
of
duties,
or for
conformity
to
certain
regulations..
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..
Quittance
::
Quittance
(v. t.)
Recompense;
return;
repayment.
Quarterly
::
Quarterly
(a.)
Recurring
during,
or at the end of, each
quarter;
as,
quarterly
payments
of rent; a
quarterly
meeting..
Arrearage
::
Arrearage
(n.) That which
remains
unpaid
and
overdue,
after
payment
of a part;
arrears..
Truage
::
Truage
(n.) A
pledge
of truth or peace made on
payment
of a tax.
Contango
::
Contango
(n.) The
postponement
of
payment
by the buyer of stock on the
payment
of a
premium
to the
seller.
See
Backwardation.
Resumption
::
Resumption
(n.) The act of
resuming;
as, the
resumption
of a
grant,
of
delegated
powers,
of an
argument,
of
specie
payments,
etc..
Compensation
::
Compensation
(n.) The
extinction
of debts of which two
persons
are
reciprocally
debtors
by the
credits
of which they are
reciprocally
creditors;
the
payment
of a debt by a
credit
of equal
amount;
a
set-off.
Weekly
::
Weekly
(a.)
Coming,
happening,
or done once a week;
hebdomadary;
as, a
weekly
payment;
a
weekly
gazette..
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