- [uncountable] the act of paying somebody/something or of being paid
- What method of payment do you prefer?
- payment in cash/by cheque
- They asked for payment in advance.
- There will be a penalty for late payment of bills.
- to receive/accept/demand/withhold payment
- payment for something payment for goods/services
- on payment of something The public has right of access, on payment of a fee.
Extra ExamplesTopics Moneyb1, Shoppingb1- Do you accept payment by credit card?
- How do you want to make payment—by card or in cash?
- The builders demanded payment in advance.
- He demanded payment in full of the $300 000 owed to him.
- I enclose $65.50, in full payment of the bill.
- He requested $8 000 in payment.
- He was released on payment of the ransom.
- I have authorized the bank to stop payment of the cheque.
- The buyer is required to enter a code to authorize payment.
- The only way to guarantee payment is to sign a contract.
- We may have to defer payment for a week.
Oxford Collocations Dictionaryadjective- immediate
- prompt
- late
- …
- make
- authorize
- arrange for
- …
- be due
- option
- plan
- schedule
- …
- in payment
- in payment for
- in payment of
- …
- a method of payment
- payment in advance
- payment in full
- …
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- [countable] a sum of money paid or expected to be paid
- a cash payment
- It's important to make the payments on time.
- to receive/accept/demand/withhold a payment
- interest payments
- They've never missed a mortgage payment.
- He agreed to make ten monthly payments of £50.
- payment on something They are finding it difficult to meet the payments on their car.
Synonyms paymentpaymentpremium ▪ contribution ▪ subscription ▪ repayment ▪ deposit ▪ instalmentThese are all words for an amount of money that you pay or are expected to pay, or for the act of paying.payment an amount of money that you pay or are expected to pay; the act of paying:see also balance of payments, down payment- ten monthly payments of $50
- payment in advance
- an insurance premium
- a premium for express delivery
- You can increase your monthly contributions to the pension plan.
- a subscription to Netflix
- the repayments on the loan
- We've put down a 5 per cent deposit on the house.
- We paid for the car by/in instalments.
- (a/an) annual/monthly/regular payment/premium/contributions/subscription/repayment/deposit/instalment
- payment/repayment in full
- to pay a(n) premium/contribution/subscription/deposit/instalment
- to make a payment/repayment/deposit
- to meet/keep up (with) (the) payment(s)/the premiums/(the) repayment(s)/the instalments
Collocations FinanceFinanceIncome- earn money/cash/(informal) a fortune/the minimum wage/a living wage
- make money/a fortune/(informal) a killing on the stock market
- acquire/inherit/amass wealth/a fortune
- build up funds/savings
- get/receive/leave (somebody) an inheritance/a legacy
- live on a low wage/a fixed income/a pension
- get/receive/draw/collect a pension
- depend/be dependent on (British English) benefits/(North American English) welfare/social security
- spend money/your savings/(informal) a fortune on…
- invest/put your savings in…
- throw away/waste/ (informal) shell out money on…
- lose your money/inheritance/pension
- use up/ (informal) wipe out all your savings
- pay (in) cash
- use/pay by a credit/debit/contactless card
- pay by/make out a/write somebody a/accept a (British English) cheque/(US English) check
- change/exchange money/currency
- give/pay/leave (somebody) a deposit
- have/hold/open/close/freeze a bank account/an account
- credit/debit/pay something into/take money out of your account
- deposit money/funds in your account
- withdraw money/cash/£30 from an ATM, etc.
- (formal) make a deposit/withdrawal
- find/go to/use (especially North American English) an ATM/(British English) a cash machine/dispenser
- be in credit/in debit/in the black/in the red/overdrawn
- use a mobile/an online banking app/platform/service
- manage/handle/plan/run/ (especially British English) sort out your finances
- plan/manage/work out/stick to a budget
- offer/extend credit (to somebody)
- arrange/take out a loan/an overdraft
- pay back/repay money/a loan/a debt
- pay for something in (especially British English) instalments/(North American English usually) installments
- get into debt/financial difficulties
- be short of/ (informal) be strapped for cash
- run out of/owe money
- face/get/ (informal) be landed with a bill for £…
- can’t afford the cost of…/payments/rent
- fall behind with/ (especially North American English) fall behind on the mortgage/repayments/rent
- incur/run up/accumulate debts
- tackle/reduce/settle your debts
Extra ExamplesTopics Moneyb1, Shoppingb1- All families of the victims will receive a one-off payment of $100 000.
- Companies deduct interest payments from their taxable income.
- She was finding it difficult to make even the minimum payment on her credit card.
- The company guaranteed royalty payments of at least $590 million.
- The department makes payments to farmers for providing improvement to water quality.
- You could lower your monthly mortgage payments by $160.
Oxford Collocations Dictionaryadjective- annual
- monthly
- etc.
- …
- afford
- keep up
- meet
- …
- in payments
- payment for
- payment from
- …
- the balance of payments
- [uncountable, singular] a reward or an act of thanks for something you have done synonym recompense
- payment (for something) Is this all the payment I get for my efforts?
- in payment for something We'd like you to accept this gift in payment for your kindness.
Word Originlate Middle English: from Old French paiement, from payer ‘to pay’.
Idioms
See payment in the Oxford Advanced American DictionarySee payment in the Oxford Learner's Dictionary of Academic Englishon payment of something
- after something has been paid
- Entry is only allowed on payment of the full registration fee.
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payment