payment Meaning in the Cambridge English Dictionary
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Meaning of “payment” in the English Dictionary

"payment" in British English

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paymentnoun

uk   us   /ˈpeɪ.mənt/
B2 [C or U] an ​amount of ​moneypaid: 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 ​moneyreceived by an ​employee because of a ​payrise at an ​earliertime
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(Definition of payment from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"payment" in American English

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paymentnoun [C/U]

 us   /ˈpeɪ·mənt/
an ​amount of ​moneypaid, or the ​act of ​paying: [C] When is the first payment ​due? [U] Usually we ​ask for payment when the ​order is ​placed.
(Definition of payment from the Cambridge Academic Content Dictionary © Cambridge University Press)

"payment" in Business English

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paymentnoun

uk   us   /ˈpeɪmənt/
[C] an ​amount of ​money that has been ​paid or is expected to be ​paid: For the ​fiscalyearended February 28 2010, payments from Class A Shares amounted to $1,470. mortgage/​insurance/​tax payments a deferred/​direct/lump-sum payment a maximum/​minimum paymentmake a payment You will face ​interestcharges if you don't make a payment within 30 days.fall behind on/meet/miss a payment If you ​anticipate missing a payment, ​call your ​lender. Any additional payments made to the employee's ​occupationalpension will come from the ​pensionfund. When is the first payment ​due? a salary/​wage payment a pension/​redundancy payment bond/​interest/​loan payments We couldn't ​afford the monthly payments on the ​loan once ​interestratesrose.
[U] the ​act of ​paying or being ​paid a ​sum of ​money: immediate/late/prompt payment The ​company will ​charge for late payment. accept/​defer/receive payment a payment ​plan/​system payment ​terms a payment ​date/​deadline cash/​directdebit payment electronic/​online paymentpayment by cash/credit card Some ​airlinescharge for payment by ​creditcard. New methods of payment are being ​introduced. payment in ​advance/in ​full/in ​instalments
back payment HR money that is ​paid to an ​employee because of a ​payrise at an earlier ​time, or the ​act of ​paying this ​money: I am ​due to receive back payments for the past six months' ​work. an ​amount of ​moneyowed that has not been ​paid back by the expected ​time, or the ​act of ​paying this ​money: Homeowners will be given 90 days to make back payments, to ​save the ​home from going to ​auction. He was being ​pursued by the ​taxauthorities for back payment of ​taxes.
payment by results (abbreviation PBR) HR, WORKPLACE a ​system of ​payingemployees in which the ​amountpaidvaries according to the ​amount of ​work they do or the ​profit that is made
payment in kind COMMERCE a way of ​paying for something using ​goods and ​services instead of ​money: The ​companyagreed that the ​loan should be ​settled by payment in ​kind.
payment on account an ​amount of ​moneypaid that is ​part of the ​totalamountowed for something, or the ​act of ​paying in this way: Tax is also ​due as the first payment on ​account for the ​taxyear 2010-11.
payment on delivery (abbreviation POD, also payment on receipt of goods) COMMERCE payment for ​goods that is received when they are ​delivered: Many ​suppliers have begun ​demandingcash payment on ​delivery.
payment on invoice COMMERCE payment for ​goods and ​services that must be made after the ​buyer receives an ​invoice: Terms are payment on ​invoice within 15 days of ​invoicedate.
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(Definition of payment from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “payment”
in Arabic دَفْع, دَفْعة…
in Korean 지불, 지불금…
in Portuguese pagamento…
in Catalan pagament…
in Japanese 支払い, 支払い金額…
in Chinese (Simplified) 支付的金额, 报偿,报答…
in Turkish ödeme, maaş, ücret…
in Russian оплата, платеж, выплата…
in Chinese (Traditional) 支付的金額, 報償,報答…
in Italian pagamento…
in Polish zapłata, kwota…
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“payment” in Business English

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