• Frequency of Use
    85 %
  • Retention Rate
    70 %
  • Complexity
    40 %
  • Payment Meanings

    noun a sum of money paid or a bill settled

    Fields related to payment

    Finance

    Payment refers to the transfer of money or value from one party to another in exchange for goods, services, or debts.

    Business

    Payment is an essential part of business transactions, ensuring that parties fulfill their financial obligations.

    Legal

    In legal contexts, payment may refer to the fulfillment of contractual obligations or the settlement of disputes through financial compensation.

    Accounting

    In accounting, payment represents the settlement of a financial obligation, typically recorded as an outflow of cash or assets.

    Banking

    Payment is a crucial aspect of banking, involving the movement of funds between accounts or institutions.

    E-commerce

    In e-commerce, payment is the process of completing a transaction by transferring funds electronically.

    Occupation Usage of payment

    Writer

    Payment for freelance writing assignments is typically negotiated on a per-word or per-project basis.

    Psychologist

    Payment for psychological services is often handled through insurance companies or out-of-pocket by clients.

    Graphic Designer

    Graphic designers may receive payment for their work either hourly, per project, or based on a retainer agreement.

    Lawyer

    Lawyers may bill clients hourly, on a contingency basis, or through a flat fee for specific services rendered.

    Consultant

    Consultants may charge clients a fee based on their expertise and the scope of the project they are hired to work on.

    Consolidated Statistics about payment

    Region Popularity

    Gender Usage

    By Literature Genre

    By Media

    Age Distribution