B2nounmoneybusiness
US/rɪˈpeɪ.mənt/
UK/rɪˈpeɪ.mənt/
the act of paying back money you borrowed, or the amount you pay back
In context
The monthly repayment on the loan is about two hundred dollars.
He missed a repayment and the bank charged him a fee.
Early repayment of the debt will save you a lot of interest.
Words that go with repayment
adjective + noun
- monthly repaymentYour monthly repayment is due on the first of the month.
noun + noun
- loan repaymentLoan repayment can take up to ten years.
- mortgage repaymentHigher rates raised their mortgage repayment.
verb + noun
- miss a repaymentIf you miss a repayment, the bank may add a penalty.
- make a repaymentHe made a repayment every month without fail.
noun + preposition
- repayment of a debtThe repayment of the debt took her five years.
Common mistakes
Incorrect:
the repayment of the productCorrect: the refund for the product