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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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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
Satisfy
::
Satisfy
(v. i.) To make
payment
or
atonement;
to
atone.
Security
::
Security
(n.)
Something
given,
deposited,
or
pledged,
to make
certain
the
fulfillment
of an
obligation,
the
performance
of a
contract,
the
payment
of a debt, or the like;
surety;
pledge..
Backwardation
::
Backwardation
(n.) The
seller's
postponement
of
delivery
of stock or
shares,
with the
consent
of the
buyer,
upon
payment
of a
premium
to the
latter;
-- also, the
premium
so paid. See
Contango..
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..
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..
Remunerative
::
Remunerative
(a.)
Affording
remuneration;
as, a
remunerative
payment
for
services;
a
remunerative
business..
Dutiable
::
Dutiable
(a.)
Subject
to the
payment
of a duty; as
dutiable
goods.
Surety
::
Surety
(n.) One who is bound with and for
another
who is
primarily
liable,
and who is
called
the
principal;
one who
engages
to
answer
for
another's
appearance
in
court,
or for his
payment
of a debt, or for
performance
of some act; a
bondsman;
a
bail..
Defrayal
::
Defrayal
(n.) The act of
defraying;
payment;
as, the
defrayal
of
necessary
costs..
Tuition
::
Tuition
(n.) The money paid for
instruction;
the price or
payment
for
instruction.
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..
Defrayment
::
Defrayment
(n.)
Payment
of
charges.
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..
Wage
::
Wage (v. t.) That for which one
labors;
meed;
reward;
stipulated
payment
for
service
performed;
hire; pay;
compensation;
-- at
present
generally
used in the
plural.
See
Wages.
Appropriation
::
Appropriation
(n.) The
application
of
payment
of money by a
debtor
to his
creditor,
to one of
several
debts which are due from the
former
to the
latter..
Funding
::
Funding
(a.)
Providing
a fund for the
payment
of the
interest
or
principal
of a debt.
Subsidiaries
::
Subsidiary
(a.) Of or
pertaining
to a
subsidy;
constituting
a
subsidy;
being a part of, or of the
nature
of, a
subsidy;
as,
subsidiary
payments
to an
ally..
Weekly
::
Weekly
(a.)
Coming,
happening,
or done once a week;
hebdomadary;
as, a
weekly
payment;
a
weekly
gazette..
Hypothec
::
Hypothec
(n.) A
landlord's
right,
independently
of
stipulation,
over the
stocking
(cattle,
implements,
etc.),
and crops of his
tenant,
as
security
for
payment
of
rent..
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