Repayment
(noun)
The act of repaying or paying back a debt or loan.
Origin:
Late 16th century, from the verb repay + -ment.
Examples:
- The repayment of the loan is due next month.
- She made a repayment plan to pay off her debts.
- He was late with his repayment, so the interest increased.
- The bank required a regular repayment schedule for the loan.
- The company had difficulty making the repayment on time.