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Definition of payment : 1. Punishment; chastisement.
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.
3. The act of paying, or giving compensation; the discharge of a debt or an obligation.

Synonyms:

defrayment, recompense, pay envelope, subsidy, paying, down, packet, contribution, redress, reparation, premium, sum, advance, lesson, cash, down payment, hire, giving, remitment, retaliation, return, requital, remittance, leniency, indemnification, mortgage, a slap on the wrist, adjustment, amount, paycheck, pay-off, debt, restitution, payback, emolument, pay, defrayal, earnings

expenditure (part of speech: noun)

lay out, investment, purchase, outlay

punishment (part of speech: noun)

burden, castigation, persecution, crucifixion, correction, distress, agony, fine, forfeiture, reprisal, verdict, imprisonment, confinement, punishment, incarceration, discipline, sentence, chastisement, judgment, price, retribution, revenge, torture, penalty, affliction, execution, anguish

reward (part of speech: noun)

atonement, consideration, compensation, lure, award, allowance, gratuity, wages, plum, incentive, remuneration, tribute, carrot, honorarium, bonus, enticement, sweetener, inducement, sweepstakes, bounty, stimulation, allotment, prize, stipend, tip, wage, treat, amends, reward, temptation, gift, grant

payment (part of speech: noun)

reckoning, refund, bankroll, disbursement, installment, deposit, payroll, fee, discharge, repayment, expenditure, salary, settlement, reimbursement

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