repayment

//rɪˈpeɪmənt//
B2Frequency Level 11Neutral
Visual representation of repayment

Noun

repaymentSingular
repaymentsPlural
1

The act of paying back money that has been borrowed or is owed.

The repayment of the loan will take five years.

2

An amount of money paid back to settle a debt or obligation.

I made a repayment of $500 toward my student loan.

3

The act of returning a favor, kindness, or service to someone.

She helped me move as repayment for all the times I had helped her.

repayment - Deep Vocabulary