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English definition of “payback period”

payback period

noun [C]
 
 
FINANCE
(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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