Pay"ment (?), n. [F. payment, paiement. See Pay to requite.]
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.]
© Webster 1913.