payment

Money changing hands

Payment is money given in exchange for goods, services, or to settle a debt: The payment is due on the first of the month.

It extends to non-monetary transfers that satisfy obligations: payment in kind.

A down payment is an initial partial sum with more to follow.

Payment can also mean the act of paying: Payment can be made by credit card or check.

transaction

purchase

Goods obtained for payment

bill · tab · tender · swipe · tap · contactless · card · cash · transfer · wire

compensation

salary

Fixed periodic employment payment

paycheck · remuneration · bonus · commission · stipend · honorarium · severance · overtime · benefits · pension

fee

charge

Cost or accusation

  • costRequired payment amount
  • priceMonetary value assigned
  • rateMeasured speed or charge

toll · tariff · levy · duty · surcharge · premium · expense · dues · fine · penalty

settlement

clearing

Treeless space in forest

closure · completion · liquidation · satisfaction · reconciliation · balance · arrears · outstanding · overdue · default

refund

reimbursement

Payment for incurred expenses

chargeback · credit · adjustment · reclaim · indemnity · restitution · reparation · redress · recovery · reversal

deposit

advance

Move or progress forward

pledge · layaway · reservation · hold · collateral · good-faith

subsidy

grant

Bestow or award money

support · contribution · allowance · sponsorship · bursary · scholarship · welfare · voucher · rebate · stimulus

Categories
Opposites
financial obligation fulfillment

paymentnonpayment

Failure to settle debts

default · evasion · delinquency · underpayment · mispayment

direction of value transfer

paymentreceipt

Written payment acknowledgment

collection · income · receivable · earning · revenue

transactional vs. gratuitous transfer

paymentgift

Item given freely

donation · charity · gratuity · handout · freebie

Phrases
Family

repayment, payments, nonpayment, overpayment, prepayment, repayments, copayment, underpayment, copayments

Familiarity
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Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G