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Definitions for: Payment
[n] the act of paying money
[n] a sum of money paid
Webster (1913) Definition: Pay"ment, n. [F. payment, paiement. See Pay to
requite.]
1. The act of paying, or giving compensation; the discharge
of a debt or an obligation.
No man envieth the payment of a debt. --Bacon.
2. 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. --Shak.
3. Punishment; chastisement. [R.]
Synonyms: defrayal, defrayment
Antonyms: default, evasion, nonpayment, nonpayment, nonremittal
See Also: amortisation, amortization, benefit, blood money, bonus, bribe, cash, commerce, commercialism, conscience money, cost, credit, deferred payment, deposit, disbursal, disbursement, down payment, fee splitting, final payment, immediate payment, incentive, installment, insurance premium, lump sum, mercantilism, outlay, overpayment, overpayment, payoff, penalty, pittance, premium, prepayment, quittance, ransom, recompense, refund, refund, regular payment, remission, remitment, remittal, remittance, remuneration, rendering, repayment, repayment, residual, reward, royalty, spending, subscription, support payment, token payment, tribute, underpayment, underpayment
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