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payday

[pey-dey]
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noun
  1. the day on which wages are given, payment is made, etc.
  2. Informal. a day or period during which a great deal of money, success, fame, etc., is won or obtained: Payday came when she was given a screen test by a big Hollywood studio.
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Origin of payday

First recorded in 1520–30; pay1 + day
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for payday

payday

noun
  1. the day on which wages or salaries are paid
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for payday

n.

also pay-day, 1520s, from pay (n.) + day.

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Online Etymology Dictionary, © 2010 Douglas Harper