paymentn.1
/ˈpeɪm(ə)nt/, U.S. /ˈpeɪm(ə)nt/ 1. A sum of money (or equivalent) paid or payable, esp. in return for goods or services or in discharge of a debt; wages, pay. Also: †the price of something (obsolete). †to run for good payment: to be generally accepted or believed (obsolete).
ΘΚΠ
society > trade and finance > payment > [noun]
waringc1315
yielding1340
payment1370
pay1440
pitchc1500
resolute1548
toss1630
payout1917
society > trade and finance > fees and taxes > payment for labour or service > [noun]
hirec1000
shipec1000
shipingc1275
servicec1300
soldc1330
wage1338
payment1370
reward1371
pay?a1400
mercedec1400
remunerationc1400
souldie1474
emolument1480
soldery1502
stipend?1518
entertainment1535
task-money1593
consideration1607
gratuitya1637
wadage1679
addling1757
solde1852
treatment1852
screw1853
time1877
money1887
wage payment1923
the mind > mental capacity > belief > expressed belief, opinion > opinion held by group > be generally believed [phrase]
to run for good payment1579
1370 in J. Raine Fabric Rolls York Minster (1859) 182 Yf any mane dwell..fra ye werk..he sall be chastyde with abatyng of his payment.
c1449 R. Pecock Repressor (1860) 392 Tithis and offringis and othere like paymentis.
1484 W. Caxton tr. Subtyl Historyes & Fables Esope v. iv He demaunded his sallary and payment.
1579 T. North tr. Plutarch Liues 1099 Euerie man thought he had bene slaine, and it ranne for good paiment among all the Græcians.
1601 P. Holland tr. Pliny Hist. World II. xxiii. iii. 462 In times past all paiments passed by weight.
1660 F. Brooke tr. V. Le Blanc World Surveyed 44 Most of those payments fall to the Officers and receivers shares.
1723 D. Defoe Hist. Col. Jack (ed. 2) 53 Two or three small Payments of Money, which..lay by themselves.
1878 W. S. Jevons Polit. Econ. vi. §43. 53 Wages..are the payments received by a labourer in return for his labour.
1886 T. Hardy Mayor of Casterbridge I. ii. 31 The housewife agreed to prepare him some breakfast for a trifling payment.
1909 G. Stein Three Lives 65 People who..gave promises in place of payments.
1991 Constr. Weekly 27 Mar. 4/3 There were payments of £35m in bribes and backhanders to local officials.
2.
a. The action or an act of paying money owed; the remuneration of a person with money or its equivalent, in discharge of a debt or in exchange for goods, services, etc.See also equation of payments n. at equation n. 4.
ΘΚΠ
society > trade and finance > payment > [noun] > action of paying
payment1389
payingc1390
solution1489
mail-paying1581
settlement1729
paying out1863
pestering1936
the world > action or operation > behaviour > reciprocal treatment or return of an action > [noun] > requital or repayment
payment1389
acquitment1431
acquittala1475
quittal1474
requital1556
repayment1561
requite1561
quittancea1593
repay1753
requit1786
repayal1829
1389 in R. W. Chambers & M. Daunt Bk. London Eng. (1931) 51 Ȝif þe man wil haue his wyf a suster, þan schal þat paiement stonde for hem bothe.
a1393 J. Gower Confessio Amantis (Fairf.) v. 5087 (MED) The jueler anon forth fette The gold and made his paiement.
c1400 (?c1380) Pearl 598 Now he þat stod þe long day stable, And þou to payment com hym byfore.
a1500 ( J. Yonge tr. Secreta Secret. (Rawl.) (1898) 133 Good Pament to al men he makyd.
1559 W. Baldwin et al. Myrroure for Magistrates Warwick xv Their paimentes wer delayd.
a1631 R. Cotton Abstr. Rec. Tower (1642) 15 Security of payment at a long day and a short price.
1686 tr. J. Chardin Trav. Persia 9 The Sellers would take their Pieces of Five Sous in payment.
1717 (title) Fair payment no spunge: or, some considerations on the unreasonableness of refusing to receive back money lent on publick securities.
1758 Let. to Mayor wherein Discouragem. of Seamen are Examined 7 Such Payment being requisite to be made..by Clerks possessed of the proper Navy-Books.
1821 J. Galt Ayrshire Legatees vi. 134 They would not have assisted us in this matter had they not been sure of the means of payment in their own hands.
1855 W. M. Thackeray Newcomes II. xxxiii. 303 The great Bundelcund Banking Company has stopped payment in India.
1948 G. W. Southgate Eng. Econ. Hist. (new ed.) xii. 100 The Crown profited also by..the right of seizing with or without payment goods entering the country.
2000 Econ. Affairs 20 14/2 A customer could demand payment in gold through a Botswanan bank.
b. The paying of money or its equivalent for (also †of) goods, services, etc.
ΚΠ
1389 in J. T. Smith & L. T. Smith Eng. Gilds (1870) 101 (MED) Who-so entres in to yis ffraternite, he schal..ffynde suffisa[unt] borwes of ye paiement for his entre.
1443 in R. Willis & J. W. Clark Archit. Hist. Univ. Cambr. (1886) I. 385 (MED) In ful paiement for making of the brike kilne.
1466 in Manners & Househ. Expenses Eng. (1841) 340 (MED) My mastyr paid..in party of payment for ij morrey greyis, xxxvj s. viij d.
a1529 J. Skelton Magnyfycence (?1530) sig. Gi They..pynche at the payment of a poddynge prycke.
1600 Lady Hoby Diary 28 Mar. (1930) 110 After priuat praier I did eate, receiue munie of Steuen Tubley the last paiment for his land.
a1657 W. Mure Hist. Rowallane in Wks. (1898) II. 243 For payment of ane pound of comine seed in name of blensch ferme yearlie.
1726 J. Barker Lining of Patch-work Screen 193 He told the People of the House, that they must look to me for payment of the Lodgings.
1798 G. Papendick Stranger i. iv. 5 Who would not be ashamed to require payment for every thing they do?
1861 All Year Round 12 Jan. 369/2 The ticket-collector demands of him payment for the difference between the two fares.
1897 ‘F. Macnab’ On Veldt & Farm 272 The custom of giving ‘ikazi’ (cattle in payment for wives) is becoming rare.
1914 Proclamation 3 Feb. in Jrnl. Inst. Bankers (1915) 36 113 Payment for the order at its face value in coins or currency notes.
1988 D. Hughes et al. Compl. Bk. S. Afr. Wine (ed. 2) 34 All payments for wine had to be made through the organization.
3. With of.
a. The paying of money, etc.; the discharging or settling of a debt, bill, etc.
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1389 in J. T. Smith & L. T. Smith Eng. Gilds (1870) 106 Qwo-so entre in to yis fraternite, he shal..fynde suffisaunde borwes to make ye paiement of his couenauns for his entre.
c1390 in C. Horstmann Minor Poems Vernon MS (1892) i. 160 (MED) Whi hast þou broken þi terme-day Of þe payȝement of Mi Monay?
1423 in H. Nicolas Proc. & Ordinances Privy Council (1834) III. 95 Wee consideringe ye saide some..nought suffeceant yow to ye..redy paiement of youre saide wages.
c1475 Advice to Lovers in J. O. Halliwell Select. Minor Poems J. Lydgate (1840) 43 If payment of dette be so remewed.
1503 in N. H. Nicolas Privy Purse Expenses Elizabeth of York (1830) 92 Payement of a bill.
1576 W. Lambarde Perambulation of Kent 126 The seruice of Castlegarde [at Dover]..was with the assent of King Henrie the thyrde conuerted into a payment of money.
1622 G. de Malynes Consuetudo 94 To desire the creditor to respit him some time for the paiment of it.
1738 Hist. View Court of Exchequer vi. 99 Payments of atterminated Debts.
1777 Jrnls. Amer. Congr. 14 June Recommended..to pass laws to make the bills of credit, issued by the Congress, a lawful tender, in payments of public and private debts.
1804 W. Cruise Digest Laws Eng. Real Prop. III. 363 Before the day of payment of the half year's rent.
1883 Cent. Mag. Aug. 545/1 This payment of free socage came, in time, to be attended with some ceremony.
1937 Amer. Home Apr. 166/1 (advt.) With a monthly payment of $41.50..you can own this home free and clear in 15 years.
2000 Thames Water Ann. Rep. & Accts. 3/1 A resolution deferring the payment of the final dividend until 2 April 2001.
b. Remuneration of a person, organization, etc.
ΚΠ
1431 in H. Nicolas Proc. & Ordinances Privy Council (1835) IV. 94 For þe paiement of þestates of þe parlement..and of oþer officers of þe reaume of France.
1465 J. Paston in Paston Lett. & Papers (2004) I. 129 I wote well that the payment of my prestes and other charges þat I haue for Fastolffes livelode is not so gret as the livelode is.
1606 T. Palmer Ess. Meanes to make Trauailes more Profitable ii. 122 Fourthly, vpon the due payment of Souldiers and men of Martiall affaires.
1626 in A. Shearer Extracts Burgh Rec. Dunfermline (1951) 152 Payment of the jevallar.
1745 E. Haywood Female Spectator ii. 90 Bellair..is..punctual in the Payment of his Tradesmen.
1760 C. Lennox Lady's Museum No. 1. 63 Fresne having drawn up the warrant for the payment of the heralds, trumpeters, and other officers of the crown who had attended at the ceremony.
1874 J. Miller Unwritten Hist.: Life amongst Modocs (new ed.) xxviii. 360 A sum of gold and silver for the payment of soldiers.
1891 G. B. Shaw Quintessence of Ibsenism iv. 95 All of which is no disparagement of adult suffrage, payment of members, annual parliaments.
1901 Dict. National Biogr. Suppl. 113/2 The payment of troops for the defence of Afghanistan against Persia.
2003 Gleaner (Nexis) 18 Aug. The Ministry of Education's draft proposals for the performance-based payment of teachers.
4. figurative. The action or process of giving to a person anything due or deserved; the action of discharging an obligation or giving a reward; recompense. In a negative sense: the infliction of punishment; the exaction of revenge.
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society > morality > duty or obligation > recognition of duty > [noun] > performance of duty
acquittal1430
discharge1434
administration1483
feasance1528
payment1581
assoilment1649
acquittance1660
c1443 R. Pecock Reule of Crysten Religioun (1927) 139 (MED) Þe paiment of such peyne þretened for synne..is it which is clepid venging.
a1470 T. Malory Morte Darthur (Winch. Coll.) 270 He claffe his hede and necke unto the throte. ‘Now haste thou thy paymente that longe thou haste deserved!’
a1500 (?a1400) Firumbras (1935) 228 (MED) Wende we to her logge with scheld & with spere, and oure payement schall be redy with Swerdys cler!
1581 W. Fleetwood in H. Ellis Orig. Lett. Eng. Hist. (1824) 1st Ser. II. 284 We examined all the seyd roogs and gave theym substanciall payment.
1613 S. Purchas Pilgrimage v. iii. 466 The Countrey is so fertile, that at what time soeuer corne be put into the ground, the paiment is good with increase.
1688 J. N. To Mrs. Jane Barker in Poet. Recreations ii. 30 Thy single Payment, they'll with thanks allow A just return for all those Debts we owe.
1717 D. Manley Lucius v. i. 52 Arminius comes for Payment of his Crimes: Traytor! have at thy Heart!
1781 E. Gibbon Decline & Fall II. xvii. 53 If the dictator Cæsar once created forty [quæstors], it was only to facilitate the payment of an immense debt of gratitude.
1847 C. Dickens Dombey & Son (1848) xii. 117 It was nothing but a startled look in Paul's wan face—a flush—a smile—and then a close embrace—but God knows how her heart leaped up at this rich payment for her trouble.
1884 D. Pae Eustace 76 I never forget payment for a blow.
1932 R. Niebuhr Moral Man & Immoral Society v. 117 The most common form of hypocrisy among the privileged classes is to assume that their privileges are the just payments with which society rewards specially useful or meritorious functions.
1978 H. Carpenter Inklings (1981) iii. iii. 137 She came to the gods in Valhalla and demanded a husband in payment for her father's death.
Phrases
P1.
payment in kind n. remuneration for goods or services made in the form of other goods or services, as opposed to money.
ΚΠ
1772 F. S. Sullivan Hist. Treat. Feudal Law Index 434 Payment in kind commuted into money.
1882 R. Bithell Counting-house Dict. 223 When goods are offered in exchange for goods, it is popularly distinguished as ‘payment in kind’.
1991 C. Anderson Grain xix. 181 Merchants accepted grain as payment in kind for the goods they dispensed.
P2.
payment in advance n. payment made before receipt of the item or service being paid for.
ΚΠ
1781 W. Hutton Hist. Birmingham 221 As the overseers are generally people of property, payment in advance is not scrupulously observed.
1835 Jrnl. Royal Geogr. Soc. 5 143 With that belief, and in earnest of the due fulfilment of my part of the bargain, they had received payment in advance.
1974 Audubon Jan. 105/2 You have to make an appointment to get shoes fixed..and the man asks for payment in advance.
2003 New Yorker (Nexis) 18 Aug. 58 The hotel demanded payment in advance.
P3.
payment by (also) in instalment(s) n. the settlement of a debt or loan through the payment of several smaller sums of money at regular intervals.
ΚΠ
1784 Let. 9 Dec. in Papers & Proc. Payment Debts 1796 (East India Co. Court of Directors) (1797) sig. B2 The Nabob shall give soucar security for the punctual payment, by instalments..of twelve lacks of pagodas per annum.
1870 Biblical Repertory Apr. 230 Mr. Hadfield enlarged upon the mode of payment by instalments as very desirable.
1896 G. B. Shaw Let. 6 Mar. (1965) I. 608 The Premier people work the payment-by-instalment system energetically.
1991 Photographer Oct. 6 (advt.) Payment by instalments at low interest, e.g. 5 monthly instalments incur a 1% service charge.
P4.
payment by results n. remuneration or funding based on an assessment of productivity, sales, profits, etc.
ΚΠ
1867 Spectator 30 Nov. 1346/1 They [sc. mousing cats] are really performing the one function for which..they receive the ‘grant-in-aid’ of a milky ‘payment by results’.
1876 All Year Round 28 Dec. 62/2 As warm an advocate of ‘payment by results’ as Mr. Lowe himself.
1991 Time Out 13 Mar. 12/4 Payment by results..will be used as a sop to get rid of legal aid. Impartiality will be lost. It's just a temptation to cheat.
Compounds
C1. General attributive, as payment condition, payment desk, payment point, payment side, payment time, etc.
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1614 A. Gorges tr. Lucan Pharsalia i. 11 Then Vsuryes moth-eating trade So rife was growne, and lawlesse made, That Debters, at the payment day, To Creditors became a pray.
1717 Boston News-let. 23 Sept. 2/2 (advt.) To be Disposed of at a moderate Rate for which Payment time shall be given.
1718 R. Blackmore Coll. Poems i. 92 T—e will subscribe, but set no Payment-Day; For his slow Muse you must with Patience stay.
1801 Asiatic Ann. Reg. 1800 Proc. Parl. 23/2 On the payment side, the customs and freight are calculated..on the quantity of goods expected.
1874 Harper's Mag. May 864/1 The United States warehouse, stored full at payment time.
1908 Westm. Gaz. 22 Oct. 8/2 The contract with the Clyde firm fell through owing to the payment conditions insisted upon by the Russian Government.
1988 Which? July 299/2 Last year some cash machines..refused to accept Visa cards, and so did some electronic payment points in garages, shops and restaurants.
C2. † payment-making n. Obsolete an act or instance of paying for something.
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1563 in W. Mackay & H. C. Boyd Rec. Inverness (1911) I. 106 Be resson of nane payment making at the foirsaid terme.
1618 in W. Fraser Chiefs of Grant (1883) III. 317 Incaice we..faillies in peyment macking of the said..sowme.
payment protection n. Banking and Insurance (now chiefly British) = payment protection insurance n.; frequently attributive, designating a policy, plan, etc., providing this type of protection.In quot. 1922 used as a count noun.
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1922 Daily Clintonian (Clinton, Indiana) 11 Sept. 6/4 (advt.) Purchasers installment protective service... It offers a payment protection to every one of our customers in case of sickness or accident.
1926 Coshocton (Ohio) Tribune 18 July 2/5 (advt.) Terms as low as $1.65 a week. 18 months to pay with free payment protection.
1937 Times 25 May 8/7 (advt.) The Schemes include: 1. Option to have a new car every year. 2. The unique H. & C. ‘Payment Protection Policy’.
1985 Financial Times 12 Sept. 7/1 It will also offer a payment protection plan so that repayments shall be made in the event of sickness, accident or unemployment.
1991 Which? May 283/2 Eight lenders recommended payment protection cover, which would help if you lost your job.
2005 M. Bien Sorting out your Finances for Dummies vii. 93 For example, if you borrow £5,000 over three years with payment protection, it could cost you £167.68 a month (for a 5.6 per cent loan).
payment protection insurance n. Banking and Insurance (now chiefly British) a form of insurance intended to cover repayments of a particular debt in the event that the policyholder is unable to pay (usually as a result of unemployment or illness); abbreviated PPI n. at P n. Initialisms.
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1927 Ironwood (Mich.) Daily Globe 26 Apr. 9/3 (advt.) Payment protection insurance.
1980 Guardian 1 Feb. 17/1 (advt.) Up to 100% of purchase price advanced, competitive interest rates. Payment protection insurance available.
1998 Herald (Glasgow) (Nexis) 12 May 9 The new company promises to provide..several other enhancements including a better payment protection insurance scheme.
2013 I. Ramsay in T. Wilson Internat. Responses Credit & Over-Indebtedness iv. 102 The mass mis-selling of payment protection insurance (PPI) has resulted in large numbers of public actions by the FSA.
payment term n. (a) a condition governing the repayment of a loan or payment for goods, etc.; (b) an agreed period of time during which a loan or debt is to be repaid.
ΘΚΠ
society > trade and finance > payment > [noun] > conditions of payment
term1600
lay1712
payment term1926
1926 H. G. Moulton & L. Pasvolsky World War Debt Settlements ii. 17 France insisted..upon the enforcement against Germany of the various penalties for non-fulfillment of the payment terms provided for in the treaty of Versailles.
1939 Amer. Home Jan. 5/1 (advt.) The Commercial Credit company offers easy payment terms through Dodge, DeSoto and Chrysler dealers.
1984 Boating Industr. (Nexis) May 46 In Idaho, boat loans do not offer a longer payment term for people in a ‘modest’ income bracket.
2003 Kiplinger's Personal Finance Sept. 80/3 Once you select a payment option, you cannot change it during the payment term.
This entry has been updated (OED Third Edition, September 2005; most recently modified version published online March 2022).
† paymentn.2
Nautical. Obsolete. rare.
The action of caulking or sealing (part of) a ship; pitch, tar, etc., used for this purpose.
ΘΚΠ
society > travel > travel by water > vessel, ship, or boat > shipbuilding and repairing > [noun] > fitting out or equipping ships > cleaning and recoating bottom > covering bottom with tar
paying1691
payment1778
1778 W. Pryce Mineralogia Cornubiensis Contents i. iii No payment, however poisonous, will prevent the Teredo-worm from boring ships bottoms.
This entry has been updated (OED Third Edition, September 2005; most recently modified version published online March 2020).
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