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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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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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