Definition of Paiment

Definition of Paiment

Pay"ment (?), n. [F. payment, paiement. See Pay to requite.] 1. The act of paying, or giving compensation; the discharge of a debt or an obligation.

No man envieth the payment of a debt.

Bacon.

2. That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return. Shak.

3. Punishment; chastisement. [R.]

- Webster's Unabridged Dictionary (1913)

(uncountable) The act of paying.
(countable) A sum of money paid in exchange for goods or services.

- The Nuttall Encyclopedia

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