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English definition of “payment”

payment

noun uk   /ˈpeɪ.mənt/ us  
B2 [C or U] an amount of money paid: Usually we ask for payment on receipt of the goods. We need a deposit of £165 followed by twelve monthly payments of £60. When is the first payment due? [S or U] reward: Verbal abuse was hardly the payment I expected for my troubles. back payment an amount of money received by an employee because of a pay rise at an earlier time
(Definition of payment from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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