Money and banking / A2

PAYM-uh-nt/ˈpeɪmənt/

Payment is money you pay, or the act of paying: card payment, a monthly payment, late payment. Pay is the verb; price is how much something costs. Fee is often for a service. Bill is what you are asked to pay. Do not write payment when you mean pavement, or apartment.

Meaning

An amount of money you pay, or the act of paying.

Examples

• “The hotel takes card payment at reception.”
• “Online payment is cheaper than paying at the station.”
• “They missed a payment and got a reminder letter.”

Good to know

card / monthly payment. Verb: pay. Mix-up: pavement.

Topics

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