Definition of payment

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Payment (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..

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Buy :: Buy (v. t.) To acquire the ownership of (property) by giving an accepted price or consideration therefor, or by agreeing to do so; to acquire by the payment of a price or value; to purchase; -- opposed to sell..
Blackmail :: Blackmail (n.) Payment of money exacted by means of intimidation; also, extortion of money from a person by threats of public accusation, exposure, or censure..
Pay :: Pay (n.) An equivalent or return for money due, goods purchased, or services performed; salary or wages for work or service; compensation; recompense; payment; hire; as, the pay of a clerk; the pay of a soldier..
Trust :: Trust (n.) Credit given; especially, delivery of property or merchandise in reliance upon future payment; exchange without immediate receipt of an equivalent; as, to sell or buy goods on trust..
Protest :: Protest (v.) A declaration made by a party, before or while paying a tax, duty, or the like, demanded of him, which he deems illegal, denying the justice of the demand, and asserting his rights and claims, in order to show that the payment was not voluntary..
Assets :: Assets (n. pl.) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend..
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..
Assurance :: Assurance (n.) Insurance; a contract for the payment of a sum on occasion of a certain event, as loss or death..
Guarantee :: Guarantee (n.) In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty..
Drawer :: Drawer (n.) One who draws a bill of exchange or order for payment; -- the correlative of drawee.
Contango :: Contango (n.) The postponement of payment by the buyer of stock on the payment of a premium to the seller. See Backwardation.
Fine :: Fine (n.) A sum of money paid as the settlement of a claim, or by way of terminating a matter in dispute; especially, a payment of money imposed upon a party as a punishment for an offense; a mulct..
Uncurrent :: Uncurrent (a.) Not current. Specifically: Not passing in common payment; not receivable at par or full value; as, uncurrent notes..
Sink :: Sink (v. t.) To reduce or extinguish by payment; as, to sink the national debt..
Discharge :: Discharge (v. t.) Act of removing, or getting rid of, an obligation, liability, etc.; fulfillment, as by the payment of a debt, or the performance of a trust or duty..
Tidewaiter :: Tidewaiter (n.) A customhouse officer who watches the landing of goods from merchant vessels, in order to secure payment of duties..
Remission :: Remission (n.) Act of sending in payment, as money; remittance..
Seigniorage :: Seigniorage (n.) A share of the receipts of a business taken in payment for the use of a right, as a copyright or a patent..
Dun :: Dun (n.) An urgent request or demand of payment; as, he sent his debtor a dun..
Semimonthly :: Semimonthly (a.) Coming or made twice in a month; as, semimonthly magazine; a semimonthly payment..
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