payment definition

  • noun:
    • The act of paying or the state of being paid.
    • An amount paid: obtained a big repayment.
    • One's due, incentive, or discipline; requital.
    • The act of having to pay.
    • A sum of money paid-in exchange for products or services.
    • The act of paying, or giving settlement; the discharge of a debt or an obligation.
    • That which is paid; the thing offered in release of a debt, or an obligation, or perhaps in satisfaction of a promise; reward; recompense; requital; return.
    • Punishment; chastisement.
    • The act of spending; the distribution of money as payment, in the course of company.
    • More specifically, in law, the discharge of a pecuniary obligation by money or what is accepted as the equivalent of a specific sum of money; “the satisfaction, by or in the name of the debtor, to the creditor, of what is due, with the object to put an end to the obligation” (Goudsmit).
    • finished . provided in discharge of a debt or fulfilment of a promise; recompense; requital; reward.
    • thus, figuratively, chastisement; discipline.
    • a sum of income paid or a claim discharged
    • an act of requiting; coming back in kind
    • the work of paying cash

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