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English definition of “repay”

repay

verb [T]
 
 
/ˌriːˈpeɪ/ (repaying, repaid, repaid)
FINANCE, BANKING to pay back money that you have borrowed: repay a loan/debt/mortgage Students generally have 10 years to repay their loans. We were told we would have to repay $32 a month. Investors should be aware that any tax they save in year one has to be repaid in full.
(Definition of repay from the Cambridge Business English Dictionary © Cambridge University Press)
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