payment

noun

transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation

Pronunciation: /ˈpeɪmənt/

Etymology: Variant of French Paiement. This surname is mostly found in Canada.

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

The act of paying.
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.”
“In a report published on October 31, Transport Focus said that a number of train companies were unable to convince it about their ability to sell a full range of tickets, handle cash payments, and avoid excessive queues at ticket machines.”