something that is paid; an amount paid; compensation; recompense.
the act of paying.
reward or punishment; requital.

1300–50; Middle English, variant of paiement < Middle French. See pay1, -ment

propayment, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
payment (ˈpeɪmənt)
1.  the act of paying
2.  a sum of money paid
3.  something given in return; punishment or reward

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Thousands of visitors were permitted to enter the shaft and gaze at the
  wonderful tunneling machine on payment of a penny a head.
If you ordered directly from us, please note that it takes a few days for a
  payment to be processed.
Payment by check is preferable as a cancelled check is proof payment has been
  received by us and registration has been processed.
Payment must be made by closing unless advertising is placed through an
  accredited agency.
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