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English definition of “payment”

payment

noun
 
 
/ˈpeɪmənt/
ACT [U] the act of paying: They will accept payment by credit card.Costs and expenses
AMOUNT [C] B2 the amount of money that is paid: monthly payments → See also balance of payments, down paymentCosts and expenses
(Definition of payment from the Cambridge Learners Dictionary © Cambridge University Press)
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