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.]