/ Dictionary / Index P payment bond: Meaning and Definition of Find definitions for: pay'ment bond". Pronunciation: [key] See under Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. payment Payne Related Content Daily Word Quiz: fervor Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language