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Payment vs Price - What's the difference?

payment | price |

As nouns the difference between payment and price

is that payment is the act of paying while price is the cost required to gain possession of something.

As a verb price is

to determine the monetary value of (an item), to put a price on.

As a proper noun Price is

{{surname|Welsh patronymic|from=Welsh}}, anglicized from {{term|ap|lang=cy}} {{term|Rhys|lang=cy}}.

As a phrase PRICE is

protect, rest, ice, compression, and elevation. A common treatment method for sprained joints.

payment

English

Noun

  • (uncountable) The act of paying.
  • (countable) A sum of money paid in exchange for goods or services.
  • * , chapter=7
  • , title= The Mirror and the Lamp , passage=“[…] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment .” Saying this Walden rubbed his hands together and smiled contentedly.}}

    Synonyms

    *

    Derived terms

    * down payment * grease payment * lubrication payment * payment in kind

    price

    English

    Noun

    (en noun)
  • The cost required to gain possession of something.
  • * Shakespeare
  • We can afford no more at such a price .
  • * , chapter=3
  • , title= Mr. Pratt's Patients , passage=My hopes wa'n't disappointed. I never saw clams thicker than they was along them inshore flats. I filled my dreener in no time, and then it come to me that 'twouldn't be a bad idee to get a lot more, take 'em with me to Wellmouth, and peddle 'em out. Clams was fairly scarce over that side of the bay and ought to fetch a fair price .}}
  • The cost of an action or deed.
  • Value; estimation; excellence; worth.
  • * Bible, Proverbs xxxi. 10
  • Her price is far above rubies.
  • * Keble
  • new treasures still, of countless price

    Derived terms

    * list price * pool price * price-conscious * price stability * purchase price * reserve price * selling price * shadow price * spot price * starting price * strike price * upset price

    Verb

    (pric)
  • To determine the monetary value of (an item), to put a price on.
  • (obsolete) To pay the price of, to make reparation for.
  • * 1590 , Edmund Spenser, The Faerie Queene , I.ix:
  • Thou damned wight, / The author of this fact, we here behold, / What iustice can but iudge against thee right, / With thine owne bloud to price his bloud, here shed in sight.
  • (obsolete) To set a price on; to value; to prize.
  • (colloquial, dated) To ask the price of.
  • to price eggs