repayment

Definitions

The act of paying back money previously borrowed or owed.

A sum of money paid back to settle a debt or loan.

The act of making a return or requital for something received.

Examples

The bank requires a monthly repayment to cover the principal and interest of the loan.

He struggled to make the repayment on time due to unexpected medical expenses.

Synonyms

reimbursement remittance settlement payback restitution compensation redemption

Antonyms

borrowing debt indebtedness liability nonpayment default arrears