payment noun definition in Cost and payment topic from the Oxford Advanced Learner's Dictionary


 noun: Cost and payment topic
1 [uncountable] payment (for something) the act of paying somebody/something or of being paid payment in instalments/in advance/by cheque/in cash There will be a penalty for late payment of bills. What method of payment do you prefer? 2 [countable] payment (for something) a sum of money paid or expected to be paid a cash payment They are finding it difficult to meet the payments on their car. He agreed to make ten monthly payments of £50.

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