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  2  definitions  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Payment  \Pay"ment\,  n.  [F.  payment,  paiement.  See  {Pay}  to 
  1.  The  act  of  paying,  or  giving  compensation;  the  discharge 
  of  a  debt  or  an  obligation. 
  No  man  envieth  the  payment  of  a  debt.  --Bacon. 
  2.  That  which  is  paid;  the  thing  given  in  discharge  of  a 
  debt,  or  an  obligation,  or  in  fulfillment  of  a  promise; 
  reward;  recompense;  requital;  return.  --Shak. 
  3.  Punishment;  chastisement.  [R.] 
  From  WordNet  r  1.6  [wn]: 
  n  1:  a  sum  of  money  paid  [ant:  {nonpayment}] 
  2:  the  act  of  paying  money  [syn:  {paying},  {defrayal},  {defrayment}] 

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