payment

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♦♦ pay|ment /p'eɪmənt/ (payments)
1 [N-COUNT] oft n N, N to/of/on n
A payment is an amount of money that is paid to someone, or the act of paying this money.
Thousands of its customers are in arrears with loans and mortgage payments...
The fund will make payments of just over £1 billion next year.
2 [N-UNCOUNT] oft N of/for n
Payment is the act of paying money to someone or of being paid.
He had sought to obtain payment of a sum which he had claimed was owed to him.
3
see also balance of payments, down paymentdown pay|ment (down payments)
also downpayment
[N-COUNT]
If you make a down payment on something, you pay only a percentage of the total cost when you buy it. You then finish paying for it later, usually by paying a certain amount every month.
= depositpay|ment card (payment cards)
[N-COUNT]
A payment card is a plastic card which you use like a credit card in order to pay for things, but which takes the money directly from your bank account.
= debit card

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