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Definition of payment
Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of payment is as below...
Payment
(n.) The act of
paying,
or
giving
compensation;
the
discharge
of a debt or an
obligation..
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Installment
::
Installment
(n.) A
portion
of a debt, or sum of
money,
which is
divided
into
portions
that are made
payable
at
different
times.
Payment
by
installment
is
payment
by parts at
different
times,
the
amounts
and times being often
definitely
stipulated..
Entertainment
::
Entertainment
(n.)
Payment
of
soldiers
or
servants;
wages.
Wage
::
Wage (v. t.) That for which one
labors;
meed;
reward;
stipulated
payment
for
service
performed;
hire; pay;
compensation;
-- at
present
generally
used in the
plural.
See
Wages.
Protest
::
Protest
(v.) A
solemn
declaration
in
writing,
in due form, made by a
notary
public,
usually
under his
notarial
seal, on
behalf
of the
holder
of a bill or note,
protesting
against
all
parties
liable
for any loss or
damage
by the
nonacceptance
or
nonpayment
of the bill, or by the
nonpayment
of the note, as the case may be..
Appropriation
::
Appropriation
(n.) The
application
of
payment
of money by a
debtor
to his
creditor,
to one of
several
debts which are due from the
former
to the
latter..
Remit
::
Remit (v. t.) To
transmit
or send, esp. to a
distance,
as money in
payment
of a
demand,
account,
draft,
etc.; as, he
remitted
the
amount
by
mail..
Bottomry
::
Bottomry
(n.) A
contract
in the
nature
of a
mortgage,
by which the owner of a ship, or the
master
as his
agent,
hypothecates
and binds the ship (and
sometimes
the
accruing
freight)
as
security
for the
repayment
of money
advanced
or lent for the use of the ship, if she
terminates
her
voyage
successfully.
If the ship is lost by
perils
of the sea, the
lender
loses the
money;
but if the ship
arrives
safe, he is to
receive
the money lent, with the
interest
or
premium
stipulated,
although
it may, and
Extend
::
Extend
(v. t.) To
enlarge;
to
widen;
to carry out
further;
as, to
extend
the
capacities,
the
sphere
of
usefulness,
or
commerce;
to
extend
power or
influence;
to
continue,
as time; to
lengthen;
to
prolong;
as, to
extend
the time of
payment
or a
season
of
trail..
Trust
::
Trust (n.) To give
credit
to; to sell to upon
credit,
or in
confidence
of
future
payment;
as,
merchants
and
manufacturers
trust their
customers
annually
with
goods..
Quarterly
::
Quarterly
(a.)
Recurring
during,
or at the end of, each
quarter;
as,
quarterly
payments
of rent; a
quarterly
meeting..
Rent
::
Rent (n.) A
certain
periodical
profit,
whether
in
money,
provisions,
chattels,
or
labor,
issuing
out of lands and
tenements
in
payment
for the use;
commonly,
a
certain
pecuniary
sum
agreed
upon
between
a
tenant
and his
landlord,
paid at fixed
intervals
by the
lessee
to the
lessor,
for the use of land or its
appendages;
as, rent for a farm, a
house,
a park, etc..
Contango
::
Contango
(n.) The
postponement
of
payment
by the buyer of stock on the
payment
of a
premium
to the
seller.
See
Backwardation.
Indulgence
::
Indulgence
(n.)
Remission
of the
temporal
punishment
due to sins, after the guilt of sin has been
remitted
by
sincere
repentance;
absolution
from the
censures
and
public
penances
of the
church.
It is a
payment
of the debt of
justice
to God by the
application
of the
merits
of
Christ
and his
saints
to the
contrite
soul
through
the
church.
It is
therefore
believed
to
diminish
or
destroy
for sins the
punishment
of
purgatory..
Modus
::
Modus (n.) A fixed
compensation
or
equivalent
given
instead
of
payment
of
tithes
in kind,
expressed
in full by the
phrase
modus
decimandi..
Shave
::
Shave (v. t.) A
premium
paid for an
extension
of the time of
delivery
or
payment,
or for the right to vary a stock
contract
in any
particular..
Tidewaiter
::
Tidewaiter
(n.) A
customhouse
officer
who
watches
the
landing
of goods from
merchant
vessels,
in order to
secure
payment
of
duties..
Pawn
::
Pawn (n.)
Anything
delivered
or
deposited
as
security,
as for the
payment
of money
borrowed,
or of a debt; a
pledge.
See
Pledge,
n., 1..
Honorary
::
Honorary
(a.) An
honorary
payment,
usually
in
recognition
of
services
for which it is not usual or not
lawful
to
assign
a fixed
business
price..
Heriotable
::
Heriotable
(a.)
Subject
to the
payment
of a
heriot.
Security
::
Security
(n.)
Something
given,
deposited,
or
pledged,
to make
certain
the
fulfillment
of an
obligation,
the
performance
of a
contract,
the
payment
of a debt, or the like;
surety;
pledge..
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