n.

1. The act of paying or the state of being paid.
2. An amount paid: received a large payment.
3. One's due, reward, or punishment; requital.

The transfer of one form of good, service or financial asset in exchange for another form of good, service or financial asset in proportions that have been previously agreed upon by all parties involved. Payment can be made in the form of funds, assets or services.

Investopedia Says:
Today’s monetary system allows for payments to be made with currency. Currency, which has simplified the means of economic transactions, provides a convenient medium through which payments can be made; it can also be easily stored.

For example, in the past, if an egg farmer with a large surplus of eggs wanted milk, he would need to find a dairy farmer who would be willing to take eggs as payment for milk. In this case, if a suitable dairy farmer weren't found in time, not only would the egg farmer not get his milk, but his eggs would spoil, becoming worthless. Currency, on the other hand, maintains its value over time.

Related Links:
It's a part of everyone's life, and we all want it, but do you know how it gains value and how it is created? What Is Money?
We take a look at how the market was born and has continued to develop throughout history. An Exploration of the Development of the Market
Take a look at the tenets, assumptions and challenges of monetarism's principle theory. What Is the Quantity Theory of Money?

Satisfaction of a claim or Debt. Delivery of money in fulfillment of an obligation.

noun

Something given in exchange for goods or services rendered: compensation, consideration, recompense, remuneration. See pay/owe.

n

The performance of a duty or promise; the discharge of a debt or liability by the delivery of money or something else of value.

This entry contains information applicable to United States law only.

The fulfillment of a promise; the performance of an agreement. A delivery of money, or its equivalent in either specific property or services, by a debtor to a creditor.

IN BRIEF: Something received in exchange for work or goods.

His payment to the store came in the form of a credit card.

Quotes:

"Alas! how deeply painful is all payment!" - Lord Byron

"Cash-payment is not the sole nexus of man with man." - Thomas Carlyle

"I can't afford to pay them any other way." - Andrew Carnegie

"When you overpay small people you frighten them. They know that their merits or activities entitle them to no such sums as they are receiving. As a result their boss soars out of economic into magic significance. He becomes a source of blessings rather than wages. Criticism is sacrilege, doubt is heresy." - Ben Hecht

"Better see rightly on a pound a week than squint on a million." - George Bernard Shaw

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Dansk (Danish)
n. - betaling

idioms:

• payment card    betalingskort

Nederlands (Dutch)
betaling, vergoeding

Français (French)
n. - (gén) paiement, règlement, remboursement, rémunération, récompense, compensation, financement

idioms:

• payment card    carte bancaire

Deutsch (German)
n. - Bezahlung, Zahlung, Belohnung, Abtragung

idioms:

• payment card    Zahlkarte

Ελληνική (Greek)
n. - πληρωμή, καταβολή, αποζημίωση, ανταπόδοση

idioms:

• payment card    κάρτα πληρωμών

Italiano (Italian)
pagamento, paga, versamento, indennità, saldo

idioms:

• payment card    carta di pagamento

Português (Portuguese)
n. - pagamento (m), recompensa (f), punição (f)

idioms:

• payment card    cartão de débito

Русский (Russian)
платеж, оплата, возмещение

idioms:

• payment card    карточка для платежа со скидкой

Español (Spanish)
n. - pago, desembolso, entrega, ingreso, remuneración, retribución, amortización, cancelación, subvención

idioms:

• payment card    tarjeta de pagos

Svenska (Swedish)
n. - betalning, likvid, lön, straff

中文（简体） (Chinese (Simplified))
付款, 偿还, 支付

idioms:

• payment card    付款卡

中文（繁體） (Chinese (Traditional))
n. - 付款, 償還, 支付

idioms:

• payment card    付款卡

한국어 (Korean)
n. - 지불, 변상, 보수

日本語 (Japanese)
n. - 支払い, 弁済, 支払い額, 報復, 支払

idioms:

• down payment    頭金
• payment card    支払い用紙

العربيه (Arabic)
‏(الاسم) دفع النفقات, وفاء, سداد, تسديد, دفعه من المال‏

עברית (Hebrew)
n. - ‮תשלום, עונש, גמול, שכר‬

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payment methods	Adams Check Payment & Deposit Register
military payment certificate