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

Draff :: Draff (n.) An order from one person or party to another, directing the payment of money; a bill of exchange..
Bottomry :: Bottomry (n.) A contract in the nature of a mortgage, by which the owner of a ship, or the master as his agent, hypothecates and binds the ship (and sometimes the accruing freight) as security for the repayment of money advanced or lent for the use of the ship, if she terminates her voyage successfully. If the ship is lost by perils of the sea, the lender loses the money; but if the ship arrives safe, he is to receive the money lent, with the interest or premium stipulated, although it may, and
Dun :: Dun (n.) An urgent request or demand of payment; as, he sent his debtor a dun..
Pension :: Pension (n.) A stated allowance to a person in consideration of past services; payment made to one retired from service, on account of age, disability, or other cause; especially, a regular stipend paid by a government to retired public officers, disabled soldiers, the families of soldiers killed in service, or to meritorious authors, or the like..
Payment :: Payment (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation..
Tithable :: Tithable (a.) Subject to the payment of tithes; as, tithable lands..
Extort :: Extort (v. t.) To wrest from an unwilling person by physical force, menace, duress, torture, or any undue or illegal exercise of power or ingenuity; to wrench away (from); to tear away; to wring (from); to exact; as, to extort contributions from the vanquished; to extort confessions of guilt; to extort a promise; to extort payment of a debt..
Prompt :: Prompt (n.) A limit of time given for payment of an account for produce purchased, this limit varying with different goods. See Prompt-note..
Overtrading :: Overtrading (n.) The act or practice of buying goods beyond the means of payment; a glutting of the market.
Draught :: Draught (n.) An order for the payment of money; -- in this sense almost always written draft.
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..
Remission :: Remission (n.) Act of sending in payment, as money; remittance..
Rate :: Rate (v. t.) To assess for the payment of a rate or tax.
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..
Encashment :: Encashment (n.) The payment in cash of a note, draft, etc..
Tender :: Tender (v. t.) To offer in payment or satisfaction of a demand, in order to save a penalty or forfeiture; as, to tender the amount of rent or debt..
Rebate :: Rebate (n.) Deduction; abatement; as, a rebate of interest for immediate payment; a rebate of importation duties..
Overdue :: Overdue (a.) Due and more than due; delayed beyond the proper time of arrival or payment, etc.; as, an overdue vessel; an overdue note..
Compensation :: Compensation (n.) The extinction of debts of which two persons are reciprocally debtors by the credits of which they are reciprocally creditors; the payment of a debt by a credit of equal amount; a set-off.
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..
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