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Repayment Meaning in English

word

ɹiˈpeɪmənt
ree-PAY-muhnt
ɹɪpˈeɪmənt
rih-PAY-muhnt

Definition

The act of paying back money that was borrowed or owed, often in installments or a lump sum.

Usage & Nuances

Formal and common in finance or business. Typical collocations: 'loan repayment', 'early repayment', 'repayment plan'. Not used for small personal debts (like lunch money), but for larger sums or official borrowing.

Example Sentences

The repayment of the loan is due next month.

basic

She set up a repayment plan for her credit card debt.

basic

Tim made his final repayment last week.

basic

With early repayment, you can save on interest charges.

natural

We're struggling to keep up with our monthly repayment.

natural

Is there a penalty for late repayment?

natural