Definition of repayment in English:

repayment

noun

  • 1The action of paying back a loan.

    • ‘With these policies the monthly mortgage repayments only covered the interest on the money you borrowed.’
    • ‘The loan repayment period may be extended for a member of the armed forces for the period he or she had active duty.’
    • ‘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.’
    • ‘I have reduced the interest rate from 16 % to 9 %, and extended the repayment terms from 25 to 30 years.’
    • ‘In keeping with the Heifer philosophy, loan repayments will go to buy livestock for farmers in Africa.’
    • ‘The cut of 0.25 % will save its customers € 14 per month on repayments on a € 100,000 mortgage over 20 years.’
    • ‘In the US, many people do this by making 26 fortnightly payments of half their mortgage repayment, instead of twelve monthly payments.’
    • ‘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 eligible charity or approved body can therefore claim a repayment of € 250 from Revenue at the end of the tax year.’
    • ‘Those who opted for endowment mortgages could also face serious repayment difficulties.’
    • ‘The average overall repayment rate of loans is a healthy 84 %, with some villages achieving a payback rate of over 90 %.’
    • ‘A borrower with a £ 100,000 repayment loan on a fixed rate of 3.24 % would make monthly payments of £ 487.’
    • ‘He said financial institutions were now reluctant to assist peasant farmers because of the bad record of debt repayments.’
    • ‘Remarkably, there is a 98 percent repayment rate on the loans.’
    • ‘The bank's repayment rates are actually higher than those of many Western banks, Newton said.’
    • ‘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.’
    • ‘Someone with a £ 100,000 repayment tracker loan will see their monthly payments go up by £ 14.’
    refund, reimbursement, paying back
    recompense, reward, compensation, reparation, restitution
    View synonyms
    1. 1.1 An amount of money paid back.
      ‘minimum monthly repayments’
      • ‘Repayment was handled via a swap of debt for equity in state-owned Bulgarian enterprises listed for privatisation.’
      • ‘The monthly repayment over 25 years at 4 % would be about $980, or £ 530.’
      • ‘The first one concerns the first income threshold of repayment.’
      • ‘Repayments outstripped spending, with every HK $1,000 of spending matched by HK $1,097 in repayments during the period.’
      • ‘We must also end negative aid, which is what debt repayments constitute.’
      • ‘The 52 poorest countries still pay more than $50 million a day in debt repayments.’
      • ‘No. 120) at pp. 74-84) which regulate the repayment of overpaid tax.’
      • ‘Borrowers with fixed-rate loans will see no change to their monthly repayments.’
      • ‘There is nothing in the case law, says Aldridge, which says there is not value in the repayment of trust monies.’
      • ‘Bankruptcy judges, who now have considerable discretion in fashioning or waiving repayment plans, will be required to follow much more restrictive guidelines.’
      • ‘Debt repayments are very severe over the next two or three years.’
      • ‘For every 1 provided in grant aid to poor countries 13 is paid back in debt repayments.’
      • ‘I have a small mortgage with just six years' repayments outstanding.’
      • ‘Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.’
      • ‘We will pay our share of the multilateral debt repayments of reforming low-income countries. "’
      • ‘Thus the claim by Guinness for repayment is unanswerable.’
      • ‘Thus, whether or not a paragraph (b) scheme can permit repayment to the employer is a somewhat academic question.’
      • ‘At all relevant times Mr Patterson was prepared to fund the repayment of Mr Ball's £ 100,000, albeit in instalments.’
      • ‘The Nigerians demanded repayments of more than $100 million.’
      • ‘Repayments, along with defence spending, consume the bulk of the budget.’
      • ‘The one-year repayment period is also not binding in many cases.’
      • ‘Turkey, which like Argentina has received a large IMF bail-out, warned it may not be able to meet next year's repayments.’
      • ‘In fact, Irish mortgage customers have an excellent track record of repayments.’
      • ‘To reduce investor concern, many municipal bonds are backed by insurance policies guaranteeing repayment in the event of default.’
      • ‘Savvy borrowers know that there can be advantages in opting for a secured loan to consolidate existing debt into a single monthly repayment.’
      • ‘The move is intended to structure the Division Two club's debts, establishing some degree of hierarchy on repayments.’

Pronunciation:

repayment

/rēˈpāmənt/