/peɪ/ noun
a salary or wages, money given to someone for regular work
holiday with pay a holiday which an employee can take by contract and for which he or she is paid
verb1. to give money to buy an item or a service
to pay £1,000 for a car
How much did you pay to have the office cleaned?
‘pay cash’ words written on a crossed cheque to show that it can be paid in cash if necessary
to pay in advance to pay before you receive the item bought or before the service has been completed
We had to pay in advance to have the new telephone system installed.
to pay in instalments to pay for an item by giving small amounts regularly
We are buying the van by paying instalments of £500 a month.
to pay cash to pay the complete sum in cash
to pay by cheque to pay by giving a cheque, not by using cash or credit card
to pay by credit card to pay using a credit card, not a cheque or cash
2. to produce or distribute money
to pay a dividend to give shareholders a part of the profits of a company
These shares pay a dividend of 1.5p.
to pay interest to give money as interest on money borrowed or invested
Some building societies pay interest of 5%.
3. to give an employee money for work done
The workforce has not been paid for three weeks.
We pay good wages for skilled workers.
How much do they pay you per hour?
to be paid by the hour to get money for each hour worked
to be paid at piecework rates to get money for each piece of work finished
4. to give money which is owed or which has to be paid
He was late paying the bill.
We phoned to ask when they were going to pay the invoice.
You will have to pay duty on these imports.
She pays tax at the highest rate.
to pay on demand to pay money when it is asked for, not after a period of credit
please pay the sum of £10 please give £10 in cash or by cheque
to pay a cheque into an account to deposit money in the form of a cheque
(NOTE: [all verb senses] payingpaid)
‘…recession encourages communication not because it makes redundancies easier, but because it makes low or zero pay increases easier to accept’ [Economist]
‘…the yield figure means that if you buy the shares at their current price you will be getting 5% before tax on your money if the company pays the same dividend as in its last financial year’ [Investors Chronicle]

Dictionary of banking and finance. 2015.

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Look at other dictionaries:

  • pay — pay1 [pā] vt. paid or [Obs.] (except in phrase PAY OUT, sense 2)Obs. payed, paying [ME paien, to pay, satisfy < OFr paier < L pacare, to pacify < pax,PEACE] 1. to give to (a person) what is due, as for goods received, services rendered,… …   English World dictionary

  • Pay — Pay, v. t. [imp. & p. p. {Paid}; p. pr. & vb. n. {Paying}.] [OE. paien, F. payer, fr. L. pacare to pacify, appease, fr. pax, pacis, peace. See {Peace}.] 1. To satisfy, or content; specifically, to satisfy (another person) for service rendered,… …   The Collaborative International Dictionary of English

  • pay — ► VERB (past and past part. paid) 1) give (someone) money due for work, goods, or an outstanding debt. 2) give (a sum of money) thus owed. 3) be profitable or advantageous: crime doesn t pay. 4) suffer a loss or misfortune as a consequence of an… …   English terms dictionary

  • pay# — pay vb Pay, compensate, remunerate, satisfy, reimburse, indemnify, repay, recompense are comparable when they mean to give money or an equivalent in return for something. Pay is the ordinary term when the giving or furnishing of money to… …   New Dictionary of Synonyms

  • Pay — Pay, n. 1. Satisfaction; content. Chaucer. [1913 Webster] 2. An equivalent or return for money due, goods purchased, or services performed; salary or wages for work or service; compensation; recompense; payment; hire; as, the pay of a clerk; the… …   The Collaborative International Dictionary of English

  • pay TV — pay television or pay TV noun Satellite or cable television available to subscribers • • • Main Entry: ↑pay * * * pay TV UK US noun [uncountable] a system in which you pay to watch particular television programmes or channels Thesaurus: systems… …   Useful english dictionary

  • pay — [n] earnings from employment allowance, bacon*, bread*, commission, compensation, consideration, defrayment, emoluments, fee, hire*, honorarium, income, indemnity, meed, payment, perquisite, pittance, proceeds, profit, reckoning, recompensation,… …   New thesaurus

  • Pay-TV — (von englisch Pay television), auch Bezahlfernsehen genannt,[1] bezeichnet private Fernsehsender, für deren Empfang mit dem Programmanbieter ein kostenpflichtiger Vertrag abgeschlossen werden muss, unabhängig von den in Deutschland… …   Deutsch Wikipedia

  • Pay — (p[=a]), v. i. To give a recompense; to make payment, requital, or satisfaction; to discharge a debt. [1913 Webster] The wicked borroweth, and payeth not again. Ps. xxxvii. 21. [1913 Webster] 2. Hence, to make or secure suitable return for… …   The Collaborative International Dictionary of English

  • pay TV — ˌpay TˈV noun [uncountable] COMMERCE a system in which customers pay for the length of time they watch a particular television programme or channel: • Pay TV will be delivered on at least four channels. • Time Warner dominates the pay TV market… …   Financial and business terms

  • pay up — {v.} To pay in full; pay the amount of; pay what is owed. * /The monthly installments on the car were paid up./ * /He pays his dues up promptly./ * /He gets behind when he is out of work but always pays up when he is working again./ …   Dictionary of American idioms

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