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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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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