No Encyclopedia Entry for Payment Noah Webster's New International Dictionary of the English Language 1. (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation. 2. (n.) 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. 3. (n.) Punishment; chastisement.
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