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payment: Meaning and Definition of

pay•ment

Pronunciation: (pā'munt), [key]
— n.
  1. something that is paid; an amount paid; compensation; recompense.
  2. the act of paying.
  3. reward or punishment; requital.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
See also:
paymaster payment bond
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