payment

Meanings

• Noun

  The act of paying or the amount paid for a product, service, or debt.

  - "He made a payment on his mortgage."
  - "The company issued a refund as a form of payment to customers."

• Noun

  The process of transferring money or other valuable resources from one person or entity to another.

  - "The payment process can be time-consuming and complicated."
  - "The salary is the employee's regular payment for their work."

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Pronunciation

1. /ˈpeɪmənt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=1113782"

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Synonyms

scot

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Rhymes

Words rhyming with payment
stayment , playment , displayment

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Variants

List of all variants of payment that leads to same result
payment , payments , copay , co-pay , copayment , co-payment , copays , co-pays , copayments , co-payments , down payment , down payments , stop payment , stop payments , transfer payment , transfer payments , balloon payment , in payment , on payment of

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Etymology

origin and the way in which meanings have changed throughout history.

From the Old French word 'payement,' meaning 'settlement' or 'payment.'

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'payment gateway' refers to a service that authorizes credit card or direct payments processing for e-businesses.

2. In medieval Europe, payment was often made in the form of livestock, grains, or other commodities rather than currency.

3. The word 'payment' comes from the Old French word 'payement,' which means 'settlement' or 'payment.'

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Compensation: The idea that an individual or organization receives something of equal value in return for a loss or sacrifice.

2. Debt: An amount of money owed by one party to another.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature and art, the concept of payment has been used to explore themes of debt, compensation, and exchange. For example, in the novel 'The Alchemist' by Paulo Coelho, the protagonist sets out on a journey to find his personal treasure, which he eventually realizes is not gold or wealth, but the knowledge that the universe will provide for him if he pays his 'personal legend' with the right attitude and actions.

How to Memorize "payment"

1. visualize
   

   - Imagine a stack of bills or coins as a visual representation of payment.
   - Visualize transferring money from one account to another as a form of payment.

2. associate
   

   - Associate the word 'payment' with the idea of settling a debt or making an exchange.
   - Think of the word 'payment' as synonymous with 'compensation' or 'reimbursement'.

3. mnemonics
   

   - Use the mnemonic 'People Eat Apples And Pears' to remember the order of the parts of speech: Noun, Verb, Adjective, Adverb, Preposition, Pronoun, Determiner, and Article.
   - Remember that 'payment' is a noun, and it can be paid as a form of compensation or debt.

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Memorize "payment" using Dictozo

The best and recommended way to memorize payment is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.