B1noun1K

Payment

UK /["/ˈpeɪmənt/"]/US /["/ˈpeɪmənt/"]/

Definition

the act of paying somebody/something or of being paid

In simple words: Money given for something.

Examples

  • The payment for the new smartphone was processed successfully.
  • She made a payment on her credit card bill yesterday.
  • Late payment could result in additional fees.
  • He received his payment for the freelance work completed last month.
  • The company offers several payment options for customers.
  • Payment can also be made online for convenience.
  • After the payment is confirmed, you will receive a receipt.

Usage notes

Use 'payment' when referring to money in transactions, like bills or purchases. It's neutral but can also be used in formal contexts, such as contracts.

Grammar pattern

payment + for + something

Memory hint

Think of 'pay + ment'—you 'pay' money, and 'ment' reminds you it's a noun.

Collocations

  • immediate
  • prompt
  • late
  • make
  • authorize
  • arrange for
  • be due
  • option
  • plan
  • schedule
  • in payment
  • in payment for
  • in payment of
  • a method of payment
  • payment in advance
  • payment in full
  • annual
  • monthly
  • etc.
  • afford
  • keep up
  • meet
  • in payments
  • payment for
  • payment from
  • the balance of payments

Synonyms

  • recompense

Antonyms

  • refund
  • reimbursement

Common mistakes

  • Confused with 'receipt'—a receipt is proof of payment.
  • Using 'payment' as a verb instead of a noun.
  • Misplacing the preposition, saying 'payment to' when it should be 'payment for'.