repayment
/riːˈpeɪm(ə)nt/ /rɪˈpeɪm(ə)nt
/noun [mass noun]
1The action of paying back a loan.They are intended to provide consistency in approach toward loan repayments....
- They follow a very narrow work objective: secure repayment of loans at any cost.
- Remarkably, there is a 98 percent repayment rate on the loans.
Synonyms
refund, reimbursement, paying back
recompense, reward, compensation, reparation, restitution
1.1 [count noun] An amount of money paid back: minimum monthly repayments...
- There is nothing in the case law, says Aldridge, which says there is not value in the repayment of trust monies.
- Thus the claim by Guinness for repayment is unanswerable.
- I have a small mortgage with just six years' repayments outstanding.