What is another word for payment?

407 synonyms found


[ pˈe͡ɪmənt], [ pˈe‍ɪmənt], [ p_ˈeɪ_m_ə_n_t]

Payment is defined as the act of giving money in exchange for goods or services. However, there are several synonyms that can be used in its place to add variety and different shades of meaning to a sentence. For instance, the word "remittance" refers to a sum of money that is sent or transferred to someone. "Settlement" implies the final payment of a debt or amount owed. "Compensation" suggests a payment made for services or work undertaken. "Reimbursement" refers to the act of repaying someone for expenses or losses incurred. Using synonyms for payment can help writers to avoid repetition and create a more nuanced and interesting text.

Synonyms for Payment:

How to use "Payment" in context?

When it comes to paying for goods and services, many people have a few different payment methods that they are familiar with. However, there are a number of new payment methods that are starting to become more popular, such as digital currencies and smart contracts. Here are four examples of new payment methods that are on the rise:

1. Digital currencies like Bitcoin are becoming more and more popular as payment methods. Bitcoin is a digital currency that is based on blockchain technology. This allows people to make and receive payments without having to go through a traditional financial institution.

Paraphrases for Payment:

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Hyponym for Payment:

  • n.

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