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Pay is a verb (often): Pay me now for the day.

Or, your pay often means what you take home: My pay is too low for all my expenses.

Payment: I mailed in the payment on my credit card.

I worked out a payment plan with the IRS and will pay them $100 a month until my debt is paid off.

You owe a minimum payment every month on your credit card.

You can pay it online or you can pay them by mailing in a check.

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Q: What is the difference between pay and payment?
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