The day on which employees' salaries or wages are paid.(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.
Use "payday" in a sentence
"If you're lucky, you might not be familiar with the term "payday loan"."
"It changes short-term payday loans – with typical terms of just a week or two until the borrower's next payday – into six-month loans."
"An author seeking damages would do better, one would have thought, by claiming to have become so addled that she had decided to forsake a certain payday for the vain hope of literary success ...."