Webster's Revised Unabridged Dictionary · 1913

Payment

Payment , noun

[French 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. — Shakespeare
3.
Punishment; chastisement. [Rare]