Definition of payment

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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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Honorary :: Honorary (a.) An honorary payment, usually in recognition of services for which it is not usual or not lawful to assign a fixed business price..
Term :: Term (n.) In Scotland, the time fixed for the payment of rents..
Equate :: Equate (v. t.) To make equal; to reduce to an average; to make such an allowance or correction in as will reduce to a common standard of comparison; to reduce to mean time or motion; as, to equate payments; to equate lines of railroad for grades or curves; equated distances..
Pawnor :: Pawnor (n.) One who pawns or pledges anything as security for the payment of borrowed money or of a debt.
Tollable :: Tollable (a.) Subject to the payment of toll; as, tollable goods..
Dishonor :: Dishonor (n.) The nonpayment or nonacceptance of commercial paper by the party on whom it is drawn.
Discount :: Discount (v.) To deduct from an account, debt, charge, and the like; to make an abatement of; as, merchants sometimes discount five or six per cent for prompt payment of bills..
Redeem :: Redeem (v. t.) To purchase back; to regain possession of by payment of a stipulated price; to repurchase.
Trust :: Trust (n.) To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods..
Arrearage :: Arrearage (n.) That which remains unpaid and overdue, after payment of a part; arrears..
Resolute :: Resolute (n.) Redelivery; repayment.
Collect :: Collect (v. t.) To demand and obtain payment of, as an account, or other indebtedness; as, to collect taxes..
Security :: Security (n.) Something given, deposited, or pledged, to make certain the fulfillment of an obligation, the performance of a contract, the payment of a debt, or the like; surety; pledge..
Tax :: Tax (n.) To subject to the payment of a tax or taxes; to impose a tax upon; to lay a burden upon; especially, to exact money from for the support of government..
Receive :: Receive (v. t.) To take, as something that is offered, given, committed, sent, paid, or the like; to accept; as, to receive money offered in payment of a debt; to receive a gift, a message, or a letter..
Run :: Run (n.) A continuing urgent demand; especially, a pressure on a bank or treasury for payment of its notes..
Truage :: Truage (n.) A pledge of truth or peace made on payment of a tax.
Satisfy :: Satisfy (v. i.) To make payment or atonement; to atone.
Fine :: Fine (n.) A sum of money paid as the settlement of a claim, or by way of terminating a matter in dispute; especially, a payment of money imposed upon a party as a punishment for an offense; a mulct..
Prepayment :: Prepayment (n.) Payment in advance.
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