Definition of "payment" []

• The act of paying or the state of being paid. (noun)
• An amount paid: received a large payment. (noun)
• One's due, reward, or punishment; requital. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Yearly minimum payment increases of about 7.5 of base minimum payment\%?"
• "Fees will increase depending on the level of effort necessary to obtain payment from the vehicle owner."
• "This latest “twist” would promise providers a 10-15 percent boost in payment from the current Medicare rates (bringing the payments of the public option closer to what private insurers now pay) but would allow the government to use the new public program to spearhead payment reforms that would, in the long run, lower overall health care spending."