Meaning of payment In English

• 0 an amount of money paid:

  • Usually we ask for payment on receipt of the goods.

  • We need a deposit of £165 followed by twelve monthly payments of £60.

  • When is the first payment due?

  • Verbal abuse was hardly the payment I expected for my troubles.

• 1 an amount of money paid, or the act of paying:

  • [ C ] When is the first payment due?

  • [ U ] Usually we ask for payment when the order is placed.

• 2 an amount of money that has been paid or is expected to be paid:

  • For the fiscal year ended February 28 2010, payments from Class A Shares amounted to $1,470.

  • mortgage/insurance/tax payments

  • a deferred/direct/lump-sum payment

  • a maximum/minimum payment

  • make a payment You will face interest charges if you don't make a payment within 30 days.

  • fall behind on/meet/miss a payment If you anticipate missing a payment, call your lender.

  • Any additional payments made to the employee's occupational pension will come from the pension fund.

  • When is the first payment due?

  • a salary/wage payment

  • a pension/redundancy payment

  • bond/interest/loan payments

  • We couldn't afford the monthly payments on the loan once interest rates rose.

• 3 the act of paying or being paid a sum of money:

  • immediate/late/prompt payment The company will charge for late payment.

  • accept/defer/receive payment

  • a payment plan/system

  • payment terms

  • a payment date/deadline

  • cash/direct debit payment

  • electronic/online payment

  • payment by cash/credit card Some airlines charge for payment by credit card.

  • New methods of payment are being introduced.

  • payment in advance/in full/in instalments

• 4 money that is paid to an employee because of a pay rise at an earlier time, or the act of paying this money:

  • I am due to receive back payments for the past six months' work.

  • Homeowners will be given 90 days to make back payments, to save the home from going to auction.

  • He was being pursued by the tax authorities for back payment of taxes.

• 5 a system of paying employees in which the amount paid varies according to the amount of work they do or the profit that is made

• 6 a way of paying for something using goods and services instead of money:

  • The company agreed that the loan should be settled by payment in kind.

• 7 an amount of money paid that is part of the total amount owed for something, or the act of paying in this way:

  • Tax is also due as the first payment on account for the tax year 2010-11.

• 8 payment for goods that is received when they are delivered:

  • Many suppliers have begun demanding cash payment on delivery.

• 9 payment for goods and services that must be made after the buyer receives an invoice:

  • Terms are payment on invoice within 15 days of invoice date.