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Webster's Dictionary (1865)

Pāy'ment, n.

noun

n. [Fr. pagement, paiement, Pr. pagamen, Sp., Pg., & It. pagamento.]

  1. The act of paying or giving compensation.
  2. That which is paid; the thing given in discharge of a debt or fulfillment of a promise; reward; recompense; requital; sometimes, deserved chastisement. Shak. South.