1. an amount of money that is paid or the act of paying money
2. something given in return for goods or services

Examples

• The monthly payment for the car loan is $350.
• She made a payment of $500 toward her credit card balance.
• The company requires payment within 30 days of receiving the invoice.
• Cash payment is preferred at this small restaurant.
• His hard work was payment enough for the favor she had done.
• The insurance payment covered most of the medical expenses.
• Online payment systems make shopping more convenient.