Definitions

1. noun

the act of giving or receiving money or its equivalent in exchange for goods or services

“The company made a payment to the supplier for the new equipment.”

2. noun

a sum of money paid or received, especially as a salary or allowance

“Her monthly payment was deposited into her bank account.”

3. verb

to give or receive money or its equivalent in exchange for goods or services

“Please pay the bill and make sure to get a receipt.”

4. verb

to make a payment, especially as a deposit or installment

“The couple paid a deposit on their new house.”