Definition of payment:

part of speech: noun

Act of paying; anything paid.

part of speech: noun

The act of paying: that which is paid: recompense: reward.

part of speech: noun

The act of giving, or that which is given, in return for services, etc.; recompense.

Usage examples for payment:

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A period of a thousand years; the thousand years during which Satan will be bound and Christ will reign on earth- Rev. xx. 1- 4; a period of great joy, prosperity, and righteousness. ...