Repayment (noun)

The act of repaying or paying back a debt or loan.

Origin:

Late 16th century, from the verb repay + -ment.

Examples:

  1. The repayment of the loan is due next month.
  2. She made a repayment plan to pay off her debts.
  3. He was late with his repayment, so the interest increased.
  4. The bank required a regular repayment schedule for the loan.
  5. The company had difficulty making the repayment on time.
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