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Definition of payment
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of payment is as below...
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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Equate
::
Equate
(v. t.) To make
equal;
to
reduce
to an
average;
to make such an
allowance
or
correction
in as will
reduce
to a
common
standard
of
comparison;
to
reduce
to mean time or
motion;
as, to
equate
payments;
to
equate
lines of
railroad
for
grades
or
curves;
equated
distances..
Hypothecation
::
Hypothecation
(n.) A
contract
whereby,
in
consideration
of money
advanced
for the
necessities
of the ship, the
vessel,
freight,
or cargo is made
liable
for its
repayment,
provided
the ship
arrives
in
safety.
It is
usually
effected
by a
bottomry
bond. See
Bottomry..
Commute
::
Commute
(v. t.) To
exchange;
to put or
substitute
something
else in place of, as a
smaller
penalty,
obligation,
or
payment,
for a
greater,
or a
single
thing for an
aggregate;
hence,
to
lessen;
to
diminish;
as, to
commute
a
sentence
of death to one of
imprisonment
for life; to
commute
tithes;
to
commute
charges
for
fares..
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..
Expend
::
Expend
(v. t.) To lay out,
apply,
or
employ
in any way; to
consume
by use; to use up or
distribute,
either
in
payment
or in
donations;
to
spend;
as, they
expend
money for food or in
charity;
to
expend
time
labor,
and
thought;
to
expend
hay in
feeding
cattle,
oil in a lamp, water in
mechanical
operations..
Prebend
::
Prebend
(n.) A
payment
or
stipend;
esp., the
stipend
or
maintenance
granted
to a
prebendary
out of the
estate
of a
cathedral
or
collegiate
church
with which he is
connected.
See Note under
Benefice..
Pay
::
Pay (v. i.) To give a
recompense;
to make
payment,
requital,
or
satisfaction;
to
discharge
a
debt..
Weekly
::
Weekly
(a.)
Coming,
happening,
or done once a week;
hebdomadary;
as, a
weekly
payment;
a
weekly
gazette..
Draw
::
Draw (v. i.) To make a draft or
written
demand
for
payment
of money
deposited
or due; --
usually
with on or upon.
Dunner
::
Dunner
(n.) One
employed
in
soliciting
the
payment
of
debts.
Contango
::
Contango
(n.) The
postponement
of
payment
by the buyer of stock on the
payment
of a
premium
to the
seller.
See
Backwardation.
Commutation
::
Commutation
(n.) A
substitution,
as of a less thing for a
greater,
esp. a
substitution
of one form of
payment
for
another,
or one
payment
for many, or a
specific
sum of money for
conditional
payments
or
allowances;
as,
commutation
of
tithes;
commutation
of
fares;
commutation
of
copyright;
commutation
of
rations..
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..
Heriot
::
Heriot
(n.)
Formerly,
a
payment
or
tribute
of arms or
military
accouterments,
or the best
beast,
or
chattel,
due to the lord on the death of a
tenant;
in
modern
use, a
customary
tribute
of goods or
chattels
to the lord of the fee, paid on the
decease
of a
tenant..
Rent
::
Rent (n.) A
certain
periodical
profit,
whether
in
money,
provisions,
chattels,
or
labor,
issuing
out of lands and
tenements
in
payment
for the use;
commonly,
a
certain
pecuniary
sum
agreed
upon
between
a
tenant
and his
landlord,
paid at fixed
intervals
by the
lessee
to the
lessor,
for the use of land or its
appendages;
as, rent for a farm, a
house,
a park, etc..
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..
Ratable
::
Ratable
(a.) Made at a
proportionate
rate; as,
ratable
payments..
Shave
::
Shave (v. t.) A
premium
paid for an
extension
of the time of
delivery
or
payment,
or for the right to vary a stock
contract
in any
particular..
Rebate
::
Rebate
(n.)
Deduction;
abatement;
as, a
rebate
of
interest
for
immediate
payment;
a
rebate
of
importation
duties..
Coin
::
Coin (n.) That which
serves
for
payment
or
recompense.
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