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
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Example sentences for payments
In some countries, such bribes are considered taxdeductible payments.
He sends letters to people informing them that they owe further payments on
  their taxes.
Therefore interest payments and depreciation on finance leases is deductible.
Often there were arbitrary tests to judge the worthiness of their tax payments.
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