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English definition of “repayment”

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repayment

noun
 
 
/rɪˈpeɪmənt/ FINANCE, BANKING
[C] an amount of money that is paid back: a loan/debt/interest repayment Low interest rates are making loan repayments easier to manage.make a repayment If you need to make lower repayments, you can.a weekly/monthly/annual repayment I wanted low monthly repayments so I opted to pay the cash back over five years.keep up/meet repayments If you think you cannot meet repayments, talk first to your lender.
[U] the act of paying back money that you have borrowed: Charge cards have no limit, but full repayment is to be made each month.debt/loan/mortgage repayment The first deadline for debt repayment is coming up in June.early/late repayment There are penalties for early repayment.
Translations of “repayment”
in Chinese (Traditional) 償還, 付還, 償還債務…
in Chinese (Simplified) 偿还, 付还, 偿还债务…
(Definition of repayment from the Cambridge Business English Dictionary © Cambridge University Press)
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