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..

Lern More About Payment

Retributory :: Retributory (a.) Of or pertaining to retribution; of the nature of retribution; involving retribution or repayment; as, retributive justice; retributory comforts..
Trust :: Trust (n.) To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods..
Remit :: Remit (v. i.) To send money, as in payment..
Ransom :: Ransom (n.) The release of a captive, or of captured property, by payment of a consideration; redemption; as, prisoners hopeless of ransom..
Cash :: Cash (n.) Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash..
Redeem :: Redeem (v. t.) To purchase back; to regain possession of by payment of a stipulated price; to repurchase.
Customable :: Customable (a.) Subject to the payment of customs; dutiable.
Redeemable :: Redeemable (a.) Capable of being redeemed; subject to repurchase; held under conditions permitting redemption; as, a pledge securing the payment of money is redeemable..
Receive :: Receive (v. t.) To take, as something that is offered, given, committed, sent, paid, or the like; to accept; as, to receive money offered in payment of a debt; to receive a gift, a message, or a letter..
Responsibility :: Responsibility (n.) Ability to answer in payment; means of paying.
Pay :: Pay (v. i.) To give a recompense; to make payment, requital, or satisfaction; to discharge a debt..
Balance :: Balance (n.) To make the sums of the debits and credits of an account equal; -- said of an item; as, this payment, or credit, balances the account..
Rebate :: Rebate (n.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties..
Pension :: Pension (n.) A payment; a tribute; something paid or given.
Arrearage :: Arrearage (n.) That which remains unpaid and overdue, after payment of a part; arrears..
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..
Re-demption :: Re-demption (n.) Performance of the obligation stated in a note, bill, bond, or other evidence of debt, by making payment to the holder..
Rate :: Rate (v. t.) To assess for the payment of a rate or tax.
Remission :: Remission (n.) Act of sending in payment, as money; remittance..
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