repayment Definition
- 1the act of paying back money that you have borrowed
- 2the amount of money that you pay back
Using repayment: Examples
Take a moment to familiarize yourself with how "repayment" can be used in various situations through the following examples!
Example
The repayment of the loan will be spread over five years.
Example
He made a repayment of $500 on his credit card bill.
Example
The company offers flexible repayment terms for its customers.
repayment Synonyms and Antonyms
Synonyms for repayment
Phrases with repayment
Example
The bank charges a penalty fee for early repayment of the loan.
Example
The borrower requested a partial repayment of the loan due to financial difficulties.
Example
The late repayment of the loan resulted in additional interest charges.
Summary: repayment in Brief
Repayment [rɪˈpeɪmənt] refers to the act of paying back money that has been borrowed, or the amount of money that is paid back. It can be spread over a period of time and may have flexible terms. Examples include 'The repayment of the loan will be spread over five years.' and 'He made a repayment of $500 on his credit card bill.' Repayment can also be early, partial, or late.