Payment (noun)

1. The act of paying or giving money in exchange for goods or services.
2. An amount of money that is paid or given in exchange for goods or services.
3. The discharge of a debt or obligation.

Origin:

From old french paiement "payment", from payer "to pay", from latin pacare "to pacify, make peace".

Examples:

1. He made the payment on time.
2. The payment was due on the first of the month.
3. She received the payment in cash.
4. The payment was made by credit card.
5. The payment was for the purchase of a new car.