Abbreviation for Payment: Definition & Meaning

Abbreviation for Payment

• PYMT

How to Pronounce Payment

To say “payment,” just break it down like this: “PAY-mint.”

What Does Payment Mean?

When we talk about payment, we’re talking about shelling out cash or giving something in exchange for goods or services. It’s like trading—except with money.

Other Examples

• The payment in full for the services rendered was promptly processed, reflecting the company’s commitment to timely compensation.

Synonyms for Payment

There are plenty of ways to say “payment.” You can call it a “transaction,” “compensation,” or even just “pay.” It’s all about getting something for what you give.

The History of the Word

The word “payment” has been around for ages. It comes from the Latin word “pensum,” which means “something paid.”

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Created by Dr. Julia Rossi

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1 / 20

What is a simile?

A) A comparison using "like" or "as".

B) A direct comparison without using "like" or "as".

C) An exaggerated statement.

D) A figure of speech that gives human qualities to non-human things.

2 / 20

Identify the simile in the following sentence: “She swims like a fish.”

A) She swims

B) like a fish

C) swims like

D) a fish

3 / 20

What is a metaphor?

A) A comparison that uses "like" or "as".

B) A direct comparison that does not use "like" or "as".

C) An expression that means something other than the literal meanings of its words.

D) A word that sounds like its meaning.

4 / 20

Which of the following is a metaphor?

A) He is as brave as a lion.

B) Her tears were a river flowing down her cheeks.

C) She runs like the wind.

D) He barked orders at his team.

5 / 20

What is an idiom?

A) A literal expression.

B) A comparison using "like" or "as".

C) A group of words established by usage as having a meaning not deducible from those of the individual words.

D) A direct comparison without using "like" or "as".

6 / 20

What does the idiom “break the ice” mean?

A) To literally break ice.

B) To start a conversation in a social setting.

C) To cool down a situation.

D) To freeze something quickly.

7 / 20

What is an adjective?

A) A word that describes or modifies a noun.

B) A word that shows action.

C) A word that replaces a noun.

D) A word that connects words together.

8 / 20

Choose the adjective in the following sentence: “The quick brown fox jumps over the lazy dog.”

A) quick, brown

B) jumps

C) over

D) dog

9 / 20

What is an abbreviation?

A) A shortened form of a word or phrase.

B) A long form of a word.

C) A word used to describe another word.

D) A word used in place of a noun.

10 / 20

What does the abbreviation “e.g.” stand for?

A) End game

B) Exempli gratia (for example)

C) Ergo (therefore)

Estimated guess

11 / 20

What is a verb?

A) A word that describes a noun.

B) A word that indicates action, occurrence, or existence.

C) A word that connects two parts of a sentence.

D) A word that modifies a verb.

12 / 20

Identify the verb in the following sentence: “The cat sleeps on the sofa.”

A) The

B) cat

C) sleeps

D) sofa

13 / 20

“Out of the frying pan into the fire” is an example of:

A) A simile.

B) A metaphor.

C) An idiom.

D) An adjective.

14 / 20

Which of the following is an adjective?

A) Quickly

B) Beautiful

C) Run

D) Under

15 / 20

The abbreviation “NASA” stands for:

A) National Aeronautics and Space Administration

B) North American Space Agency

C) National Association of Space Astronauts

D) None of the above

16 / 20

Choose the metaphor in the following sentence: “Time is a thief.”

A) Time

B) is

C) a thief

D) None of the above

17 / 20

What does the idiom “hit the books” mean?

A) To physically hit books.

B) To start studying.

C) To write a book.

D) To organize books on a shelf.

18 / 20

Which of the following sentences contains a simile?

A) He is a shining star.

B) She danced like there was no tomorrow.

C) Life is a rollercoaster.

D) They moved mountains to be together.

19 / 20

“LOL” is an abbreviation for:

A) Lots Of Love

B) Little Old Lady

C) Long Overdue Library-book

D) Laugh Out Loud

20 / 20

Identify the verb in this sentence: “They whispered secrets into the night.”

A) They

B) secrets

C) whispered

D) night

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People have been making payments since ancient times—probably even before they had a word for it!

When to Use the Abbreviation

When you’re jotting things down in a hurry or just want to keep it short and sweet, that’s when you whip out “PYMT.” It’s like the shorthand version of “payment,” saving you time and energy.

Example of the Word and Abbreviation in Context

Let’s say you’re buying a new video game. You head to the store, pick out your game, and then it’s time to make the payment.

You hand over your cash or swipe your card, and boom—transaction complete! And if you’re writing it all down later, you might jot down “PYMT” to keep it quick.