the day on which you receive pay for your work
"I'm counting down the days until payday so I can finally afford to buy that new laptop."
The day of the week or month, or the specific day, on which an employee's wages or salary is paid.
"She always makes sure to pay her rent bills right before payday arrives so she doesn't overdraft."
In plain English: Payday is the day you get paid for your work or job.
"She plans to buy a new dress on payday."
Usage: Payday refers specifically to the date when an employee receives their wages or salary. Use this term to describe the regular interval at which workers are compensated for their labor.
The word payday is a straightforward combination of the words pay and day. It refers to the specific day when wages are distributed to employees.