Meaning of “payback period” in the English Dictionary

"payback period" in Business English

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payback periodnoun [ C ]


also payback the time taken to get back the amount originally invested in something:

Investors will see a swift return, with a payback period of between a year and 18 months.

the amount of time that you are given to pay back a loan:

Annual percentage rates vary from 23% to about 78%, depending on amount borrowed and payback period.

(Definition of “payback period” from the Cambridge Business English Dictionary © Cambridge University Press)

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