Payment is the process of either giving money to someone, or of receiving money from someone. If you borrow money to buy a car, you'll be expected to make a monthly payment for several years.
The act of paying, or giving compensation; the discharge of a debt or an obligation.
Noun
the act of paying money
Noun
a sum of money paid
n.
The act of paying, or giving compensation; the discharge
of a debt or an obligation.
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.
n.
Punishment; chastisement.
Payment
No man envieth the payment of a debt.2.
The act of paying, or giving compensation; the discharge of a debt or an obligation.
Usage Examples
When life was worrying about a car payment or a rent payment and a bill, you're so consumed with that, you really don't have time to know yourself. That's surviving and getting by.
I'm still very connected to my family, to the world I grew up in. I understand what it means to be afraid that you can't pay a doctor's bill. Or to have to make the choice between buying a band uniform for a seventh-grader and making the insurance payment on time. That will never leave me. It was how I lived until I was well into my adult years.
It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.
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Other Usage ExamplesThe sort of thinking at the time was, 'Well, we're giving you access to medical care which you wouldn't otherwise be able to get, so your payment is that we get to use you in research.'
Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.
The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got.
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