English

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

payment

 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.

Explore other topic groups related to Cost and payment

Retail