Payment: meaning, definitions and examples

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payment

[ ˈpeɪmənt ]

^{Context #1}

method of settling a debt

Payment is the act of giving money in exchange for goods or services. It is a way to settle a debt or obligation. Payments can be made in various forms such as cash, credit card, or online transfers. It is an essential part of any financial transaction.

Synonyms

reimbursement, remittance, settlement

Examples of usage

Please make the payment for the goods you have received.
She requested payment in advance for her services.
The online payment system is fast and secure.

^{Context #2}

reward or salary received for work

Payment can also refer to the money received as a reward or salary for work done. It is the compensation given to employees for their services rendered. Payments can be in the form of wages, bonuses, or commissions.

Synonyms

compensation, salary, wage

Examples of usage

He received a generous payment for his hard work.
The company offers competitive payment packages to attract top talent.
She negotiated a higher payment for her freelance project.

Translations

Translations of the word "payment" in other languages:

🇵🇹 pagamento

🇮🇳 भुगतान

🇩🇪 Zahlung

🇮🇩 pembayaran

🇺🇦 платіж

🇵🇱 płatność

🇯🇵 支払い (しはらい)

🇫🇷 paiement

🇪🇸 pago

🇹🇷 ödeme

🇰🇷 지불

🇸🇦 دفع

🇨🇿 platba

🇸🇰 platba

🇨🇳 支付 (zhīfù)

🇸🇮 plačilo

🇮🇸 greiðsla

🇰🇿 төлем

🇬🇪 გადახდა

🇦🇿 ödəmə

🇲🇽 pago

Word origin

The word 'payment' originated from the Old French word 'paiement' which came from the Latin word 'pacare' meaning 'to pacify' or 'to pay'. The concept of payment has been essential in human civilization as a means of exchange for goods and services. Over time, various forms of payment methods have evolved, from bartering to digital transactions, shaping the modern economy.