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 Payment \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.
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            No man envieth the payment of a debt. --Bacon.
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   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.
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   3. Punishment; chastisement. [R.]
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