Definition of repayment in English:

repayment

Pronunciation: /riːˈpeɪm(ə)nt//rɪˈpeɪm(ə)nt/

noun

  • 1[mass noun] The action of paying back a loan.

    • ‘The loan repayment period may be extended for a member of the armed forces for the period he or she had active duty.’
    • ‘In the US, many people do this by making 26 fortnightly payments of half their mortgage repayment, instead of twelve monthly payments.’
    • ‘With these policies the monthly mortgage repayments only covered the interest on the money you borrowed.’
    • ‘Based on a 30-year standard mortgage of € 230,000, the monthly repayments would be € 938 for the first year.’
    • ‘The American Bar Association also has a summary of loan repayment assistance programs.’
    • ‘The average overall repayment rate of loans is a healthy 84 %, with some villages achieving a payback rate of over 90 %.’
    • ‘Those who opted for endowment mortgages could also face serious repayment difficulties.’
    • ‘They are intended to provide consistency in approach toward loan repayments.’
    • ‘A borrower with a £ 100,000 repayment loan on a fixed rate of 3.24 % would make monthly payments of £ 487.’
    • ‘To pay it off in just five years, the monthly repayment leaps to £ 1, 411.’
    • ‘Whatever sum you borrow, the amount the bank wants per month will shrink the more you postpone the date of final repayment.’
    • ‘The bank's repayment rates are actually higher than those of many Western banks, Newton said.’
    • ‘In keeping with the Heifer philosophy, loan repayments will go to buy livestock for farmers in Africa.’
    • ‘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.’
    • ‘I have reduced the interest rate from 16 % to 9 %, and extended the repayment terms from 25 to 30 years.’
    • ‘Someone with a £ 100,000 repayment tracker loan will see their monthly payments go up by £ 14.’
    • ‘The cut of 0.25 % will save its customers € 14 per month on repayments on a € 100,000 mortgage over 20 years.’
    • ‘The eligible charity or approved body can therefore claim a repayment of € 250 from Revenue at the end of the tax year.’
    • ‘He said financial institutions were now reluctant to assist peasant farmers because of the bad record of debt repayments.’
    refund, reimbursement, paying back
    recompense, reward, compensation, reparation, restitution
    View synonyms
    1. 1.1[count noun] An amount of money paid back:
      ‘minimum monthly repayments’
      • ‘In fact, Irish mortgage customers have an excellent track record of repayments.’
      • ‘We will pay our share of the multilateral debt repayments of reforming low-income countries. "’
      • ‘Thus, whether or not a paragraph (b) scheme can permit repayment to the employer is a somewhat academic question.’
      • ‘I have a small mortgage with just six years' repayments outstanding.’
      • ‘The one-year repayment period is also not binding in many cases.’
      • ‘Debt repayments are very severe over the next two or three years.’
      • ‘The 52 poorest countries still pay more than $50 million a day in debt repayments.’
      • ‘Repayments, along with defence spending, consume the bulk of the budget.’
      • ‘Repayment was handled via a swap of debt for equity in state-owned Bulgarian enterprises listed for privatisation.’
      • ‘We must also end negative aid, which is what debt repayments constitute.’
      • ‘No. 120) at pp. 74-84) which regulate the repayment of overpaid tax.’
      • ‘The Nigerians demanded repayments of more than $100 million.’
      • ‘Thus the claim by Guinness for repayment is unanswerable.’
      • ‘For every 1 provided in grant aid to poor countries 13 is paid back in debt repayments.’
      • ‘The monthly repayment over 25 years at 4 % would be about $980, or £ 530.’
      • ‘Repayments outstripped spending, with every HK $1,000 of spending matched by HK $1,097 in repayments during the period.’
      • ‘To reduce investor concern, many municipal bonds are backed by insurance policies guaranteeing repayment in the event of default.’
      • ‘Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.’
      • ‘The move is intended to structure the Division Two club's debts, establishing some degree of hierarchy on repayments.’
      • ‘There is nothing in the case law, says Aldridge, which says there is not value in the repayment of trust monies.’
      • ‘Savvy borrowers know that there can be advantages in opting for a secured loan to consolidate existing debt into a single monthly repayment.’
      • ‘At all relevant times Mr Patterson was prepared to fund the repayment of Mr Ball's £ 100,000, albeit in instalments.’
      • ‘Turkey, which like Argentina has received a large IMF bail-out, warned it may not be able to meet next year's repayments.’
      • ‘Borrowers with fixed-rate loans will see no change to their monthly repayments.’
      • ‘Bankruptcy judges, who now have considerable discretion in fashioning or waiving repayment plans, will be required to follow much more restrictive guidelines.’
      • ‘The first one concerns the first income threshold of repayment.’

Pronunciation:

repayment

/riːˈpeɪm(ə)nt//rɪˈpeɪm(ə)nt/