repayment (B1)
noun
Pronunciation: /riˈpeɪmənt/
Definition
The act of paying back money that you owe, or the amount of money that is paid back.
Examples
The final repayment of the loan is due next month.
We offer flexible repayment plans to suit your needs.
Early repayment of the mortgage is possible without penalty.
How to Use repayment
- repayment of (prepositional phrase)
- Indicating what is being paid back. — "The repayment of the debt was made in installments."
- repayment plan (collocation)
- A schedule for paying back money owed. — "They agreed on a repayment plan that lasted five years."
Synonyms of repayment
Words with a similar meaning to repayment:
Antonyms of repayment
Words with the opposite meaning to repayment:
Browse the full Anaversity dictionary