payment
[noun]
Synonyms:
- paying, discharge, remittance, settlement
- remittance, advance, deposit, instalment, premium
- wage, fee, hire, remuneration, reward

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English Thesaurus: payment, instalment, deposit, subscription, tip, ...

[TahlilGaran] English Synonym Dictionary ▲

pay‧ment S2 W1 /ˈpeɪmənt/ noun
[Word Family: noun: pay, payment, repayment, payer, payee; verb: pay, repay, underpay ≠ overpay; adjective: paid ≠ unpaid, underpaid ≠ overpaid, payable]

1. [countable] an amount of money that has been or must be paid:
You can make a payment in any bank.
They fell behind on their mortgage payments.

2. [uncountable] the act of paying for something
payment of
There are severe penalties for late payment of taxes.
payment in
Most hotels here accept payment in dollars.
Payment can be made by cheque or credit card.
We do accept payment in instalments (=paying in small amounts over a period of time).
She demanded payment in advance.
in payment for something (=in order to pay for something)
cheques received in payment for goods supplied
on payment of something (=when an amount has been paid)
Any item can be reserved on payment of a deposit.

3. payment in kind a way of paying for something with goods or services instead of money

[TahlilGaran] Dictionary of Contemporary English ▲

payment
noun
I. paying/being paid
ADJ. immediate, prompt | late penalties for late payment of tax
early | full, part I enclose £65.20, in full payment of the bill.
VERB + PAYMENT make How do you want to make payment?by cheque or in cash?
arrange for | accept, take Do you accept payment by credit card?
get, receive | stop, suspend, withhold I have authorized the bank to stop payment of the cheque.
refuse sb | defer, delay We may have to defer payment for a week.
demand
PAYMENT + VERB be due
PREP. in ~ She wrote out a cheque in payment of the fees.
on ~ of He was released on payment of the ransom.
~ for payment for work done
~ from, ~ to payment to the company from its customers
PHRASES a method of payment, payment in advance The hostel requires full payment in advance.

[TahlilGaran] Collocations Dictionary ▲

payment
II. amount of money paid
ADJ. annual, monthly, etc. | regular | one-off, single All families of the crash victims will receive a one-off payment of £100,000.
cash, lump sum | token | generous | down, initial | additional, further, subsequent | interim, transitional | final | credit card | benefit, compensation, interest, maintenance, mortgage, rent, tax
VERB + PAYMENT keep up, meet My client was unable to meet her rent payments.
increase, reduce | collect It was my job to collect payment for the trip.
PREP. in ~s an extra $9 million in interest payments
~ for a generous payment for his services
~ from payments to the landlord from his tenants
~ to
PHRASES the balance of payments measures designed to reduce the balance of payments deficit

[TahlilGaran] Collocations Dictionary ▲

payment

make (a) payment
He was supposed to make payments of $250 a month.
receive (a) payment
You will receive a cash payment on your 65th birthday.
meet/keep up the payments (on something) (=be able to make regular payments)
He was having trouble meeting the interest payments.
fall behind on the payments (also fall behind with the payments British English) (=not make payments when you should)
I’d run up nearly £4,000 in debt, and was beginning to fall behind with the payments.
a monthly payment
Home buyers have seen their monthly payments go up by more than 50 percent.
a cash payment (=a payment in cash)
He provided pills to athletes in return for cash payments.
a down payment (=a small payment for something you are buying, when you will pay the rest later)
We were able to put a down payment on an apartment.
an interest payment (=a payment of interest on a loan)
a mortgage payment (=a payment towards a loan on your house)
Your mortgage payments could fall if interest rates drop.
an interim payment (=a payment that is made before something is finished or settled)
It may be reasonable for the builder to ask for interim payments as the work progresses.
a bonus payment (=an additional payment because success has been achieved)
The team had made illegal bonus payments to players.

[TahlilGaran] Collocations Dictionary ▲

payment
noun
1.
BAD: Dr Schneider charges a high payment but he is very good.
GOOD: Dr Schneider charges a high fee but he is very good.

Usage Note:
payment = an amount of money that is paid for something: 'I had to get rid of the car because I couldn't keep up the payments.'
fee = an amount of money paid to a doctor, lawyer, or other professional person: 'The fee for one hour's private tuition is $60.'

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2.
BAD: For the first month the payment by the hour is 650 yen.
GOOD: For the first month the hourly rate is 650 yen.

Usage Note:
hourly/daily/weekly rate = the amount that someone charges or is paid for each hour/day/week that they work: 'He charges an hourly rate of $600 plus expenses.'

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3.
See CHEAP (cheap)

[TahlilGaran] Dictionary of Common Errors ▲

payment an amount of money that you pay for something, especially when it is only one part of the total amount you have to pay:
They have a monthly car payment of £220.
instalment British English, installment American English a regular payment you make to pay back money that you have borrowed or to pay for things that you have already received:
I borrowed $2,000, which was to be paid back in monthly installments of $250.
deposit (also down payment) part of the cost of something that you pay before you get it, so that it will not be sold to anyone else:
They used the money they inherited as a down payment on a house.
The hotel asks for a $20 deposit to reserve a room.
subscription an amount of money you pay, usually once a year, to receive copies of a newspaper or magazine:
A subscription to the magazine is $52 a year.
tip a small amount of money that you give someone, for example a waitress or taxi driver, in addition to paying for a service they have given you:
I usually leave a 10% tip.
premium the amount you pay for insurance each year:
your monthly life insurance premiums

[TahlilGaran] English Thesaurus ▲