Payment ˈpeɪmənt Paid Make Advance Late Full I

• what method of payment do you prefer?
• payment in cash/by cheque
• they asked for payment in advance.
• there will be a penalty for late payment of bills.

payment

1. the act of paying somebody/something or of being paid
• SEE ALSO non-payment
  https://www.oxfordlearnersdictionaries.com/definition/english/non-payment
• What method of payment do you prefer?
• payment in cash/by cheque
• They asked for payment in advance.
• There will be a penalty for late payment of bills.
• to receive/accept/demand/withhold payment
• payment for goods/services
• The public has right of access, on payment of a fee.

Extra Examples

• Do you accept payment by credit card?
• How do you want to make payment—by card or in cash?
• The builders demanded payment in advance.
• He demanded payment in full of the $300 000 owed to him.
• I enclose $65.50, in full payment of the bill.
• He requested $8 000 in payment.
• He was released on payment of the ransom.
• I have authorized the bank to stop payment of the cheque.
• The buyer is required to enter a code to authorize payment.
• The only way to guarantee payment is to sign a contract.
• We may have to defer payment for a week.
2. a sum of money paid or expected to be paid
• SEE ALSO balance of payments
  https://www.oxfordlearnersdictionaries.com/definition/english/balance-of-payments
• a cash payment
• It's important to make the payments on time.
• to receive/accept/demand/withhold a payment
• interest payments
• They've never missed a mortgage payment.
• He agreed to make ten monthly payments of £50.
• They are finding it difficult to meet the payments on their car.

Extra Examples

• All families of the victims will receive a one-off payment of $100 000.
• Companies deduct interest payments from their taxable income.
• She was finding it difficult to make even the minimum payment on her credit card.
• The company guaranteed royalty payments of at least $590 million.
• The department makes payments to farmers for providing improvement to water quality.
• You could lower your monthly mortgage payments by $160.
3. a reward or an act of thanks for something you have done
• SYNONYM recompense
  https://www.oxfordlearnersdictionaries.com/definition/english/recompense_2
• Is this all the payment I get for my efforts?
• We'd like you to accept this gift in payment for your kindness.
4. after something has been paid
• Entry is only allowed on payment of the full registration fee.

Word Origin

• late Middle English: from Old French paiement, from payer ‘to pay’.