payment
noun /ˈpeɪmənt/
/ˈpeɪmənt/
Idioms - [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
- …
- [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 paymentpaymentsee also balance of payments, down payment- premium
- contribution
- subscription
- repayment
- deposit
- instalment
- payment an amount of money that you pay or are expected to pay; the act of paying:
- ten monthly payments of $50
- payment in advance
- premium an amount of money that you pay once or regularly for an insurance policy; an extra payment added to the basic rate; a higher amount of money than usual:
- an insurance premium
- a premium for express delivery
- contribution a sum of money that you pay regularly to your employer or the government in order to pay for benefits such as health insurance, a pension, etc:
- You can increase your monthly contributions to the pension plan.
- subscription an amount of money you pay in advance to receive a service:
- a subscription to Netflix
- repayment (British English) an amount of money that you pay regularly to a bank, etc. until you have returned all the money that you owe; the act of paying this money:
- the repayments on the loan
- deposit an amount of money that you pay as the first part of a larger payment:
- We've put down a 5 per cent deposit on the house.
- instalment one of a number of payments that you make regularly over a period of time until you have paid for something:
- 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
on payment of something
- after something has been paid
- Entry is only allowed on payment of the full registration fee.