Payment
Pronunciation : Pay"ment
Part of Speech : n.
Etymology : [F. payment, paiement. See Pay to requite.]
Definition : 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.]
Source : Webster's Unabridged Dictionary, 1913