payment

UK: ˈpeɪmənt | US: ˈpeɪmənt

Definition
  1. n. the act of paying money or the amount paid

  2. n. something given as a reward or compensation

  3. n. (figurative) a consequence or result of an action

Structure
pay <to give money>ment <noun suffix indicating action/result>
Etymology

The word "payment" originates from the Old French "paiement," derived from the verb "payer" (to pay), which itself comes from Latin "pacare" (to pacify or settle a debt). The suffix "-ment" was added in Middle English to form nouns denoting the action or result of the verb. Over time, "payment" evolved to specifically refer to the transfer of money or compensation, retaining its core idea of "settling" an obligation.

Examples
  1. The payment for the invoice is due next week.

  2. She received a payment as a thank-you for her help.

  3. The company offers flexible payment options.

  4. His hard work was the payment for his success.

  5. Late payments may incur additional fees.