The Opposite(Antonym) of “owe”
The antonyms of owe are repay, compensate, and refund. These words convey the idea of giving back something that was owed or compensating for a loss or damage.
Explore all Antonyms of “owe”
Definitions and Examples of repay, compensate, refund
Learn when and how to use these words with these examples!
To give back money that was borrowed or owed.
Example
He promised to repay the loan by the end of the month.
To make up for a loss, damage, or inconvenience by giving something in return.
Example
The airline offered to compensate the passengers for the delay by providing free meals and hotel accommodation.
To give back money that was paid for a product or service that was unsatisfactory or not delivered.
Example
The store agreed to refund the customer's money after she complained about the defective product.
Key Differences: repay vs compensate vs refund
- 1Repay is used when someone has borrowed money and needs to give it back to the lender.
- 2Compensate is used when someone has suffered a loss or damage and needs to be compensated for it.
- 3Refund is used when someone has paid for a product or service that was unsatisfactory or not delivered and needs to get their money back.
Effective Usage of repay, compensate, refund
- 1Financial Transactions: Use repay, compensate, and refund in financial transactions to clarify the terms and conditions.
- 2Consumer Rights: Use compensate and refund to assert consumer rights and demand compensation for unsatisfactory products or services.
- 3Legal Matters: Use compensate in legal matters to refer to compensation for damages or losses.
Remember this!
The antonyms of owe are repay, compensate, and refund. Use these words in financial transactions, consumer rights, and legal matters to clarify terms and conditions, assert consumer rights, and refer to compensation for damages or losses.
