Definition of payment

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Payment (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation..

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Uncurrent :: Uncurrent (a.) Not current. Specifically: Not passing in common payment; not receivable at par or full value; as, uncurrent notes..
Hypothec :: Hypothec (n.) A landlord's right, independently of stipulation, over the stocking (cattle, implements, etc.), and crops of his tenant, as security for payment of rent..
Indorse :: Indorse (v. t.) To write one's name, alone or with other words, upon the back of (a paper), for the purpose of transferring it, or to secure the payment of a /ote, draft, or the like; to guarantee the payment, fulfillment, performance, or validity of, or to certify something upon the back of (a check, draft, writ, warrant of arrest, etc.)..
Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
Scrip :: Scrip (n.) A preliminary certificate of a subscription to the capital of a bank, railroad, or other company, or for a share of other joint property, or a loan, stating the amount of the subscription and the date of the payment of the installments; as, insurance scrip, consol scrip, etc. When all the installments are paid, the scrip is exchanged for a bond share certificate..
Render :: Render (n.) A return; a payment of rent.
Exact :: Exact (a.) To demand or require authoritatively or peremptorily, as a right; to enforce the payment of, or a yielding of; to compel to yield or to furnish; hence, to wrest, as a fee or reward when none is due; -- followed by from or of before the one subjected to exaction; as, to exact tribute, fees, obedience, etc., from or of some one..
Tax :: Tax (n.) To subject to the payment of a tax or taxes; to impose a tax upon; to lay a burden upon; especially, to exact money from for the support of government..
Apply :: Apply (v. t.) To put to use; to use or employ for a particular purpose, or in a particular case; to appropriate; to devote; as, to apply money to the payment of a debt..
Wage :: Wage (v. t.) That for which one labors; meed; reward; stipulated payment for service performed; hire; pay; compensation; -- at present generally used in the plural. See Wages.
Retribution :: Retribution (n.) That which is given in repayment or compensation; return suitable to the merits or deserts of, as an action; commonly, condign punishment for evil or wrong..
Gale :: Gale (n.) The payment of a rent or annuity.
Funding :: Funding (a.) Providing a fund for the payment of the interest or principal of a debt.
Surety :: Surety (n.) One who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail..
Tender :: Tender (n.) The thing offered; especially, money offered in payment of an obligation..
Pawn :: Pawn (n.) Anything delivered or deposited as security, as for the payment of money borrowed, or of a debt; a pledge. See Pledge, n., 1..
Advance :: Advance (a.) Before in place, or beforehand in time; -- used for advanced; as, an advance guard, or that before the main guard or body of an army; advance payment, or that made before it is due; advance proofs, advance sheets, pages of a forthcoming volume, received in advance of the time of publication..
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
Mortgage :: Mortgage (n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made..
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..
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