Payday
/ˈpeɪ.deɪ/
Meaning & Definition
noun
The occasion of receiving payment, often leading to increased spending.
Many people treat themselves to a nice dinner on payday.
The day on which a person is paid for their work or services.
Everyone looks forward to payday each month to settle their bills.
A day when financial transactions are settled.
The company's payday falls on the last Friday of every month.
A day marked by the payment of wages or salaries.
On payday, the employees receive their checks in the morning.
Etymology
Combining 'pay' with 'day', referring to the day when payment is made.
Common Phrases and Expressions
Cash in hand
Having cash immediately available, often on payday.
Payday loan
A type of short-term borrowing where the loan is repaid on the borrower's next payday.
Every day is payday
A phrase suggesting that one can earn or receive money at any time.
Related Words
salary
A fixed regular payment, typically paid on a monthly basis.
wages
A fixed regular payment earned for work, typically calculated on an hourly basis.
income
Money received, especially on a regular basis, for work or through investments.
Slang Meanings
Cash day
Got my cash day today and I'm ready to spend!
Green day
It's a green day for me since payday just hit!