payment

Etymology

From Old French paiement. Equivalent to pay + -ment.

noun

1. (uncountable) The act of paying.
2. (countable) An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.
   “[…] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment.” Saying this Walden rubbed his hands together and smiled contentedly. 1918, W. B. Maxwell, chapter 7, in The Mirror and the Lamp