Repayment
Pronunciation: /riːˈpeɪmənt/
Repayment (noun)
- The act of paying back money that you borrowed or owe.
- A planned set of payments made to clear a debt over time.
- Money returned to someone because they paid it earlier or because of an agreement.
Examples
- The repayment plan starts next month.
- She made a repayment after the job ended.