What is the Spanish term for 'payment'?

The Spanish term for 'payment' is 'pago.' This term is widely used in various contexts related to financial transactions, bills, and services. In commercial or everyday settings, you would hear the word 'pago' when discussing settling an account, making a purchase, or informing someone about the process of paying for goods or services.

Additional terms provided in the choices have distinct meanings; for example, 'reembolso' translates to 'refund,' which pertains to returning money rather than making a payment. 'Seguro' means 'insurance,' relating to the financial coverage for certain risks, while 'individual' translates to 'individual' or 'single,' referring to a person rather than a payment mechanism. Understanding these distinctions helps clarify the specific context in which 'pago' is utilized in the Spanish language.