repayment

/ˈriːpæymənt/

Definitions

1. noun

the act or process of paying back something, especially a debt or loan

“The company made the repayment of the loan in full.”

2. noun

a payment made to compensate for something, such as damage or loss

“The government made a repayment to the farmers for the crop damage.”

3. noun

a payment or instalment made periodically, especially in respect of a debt or loan

“She made her regular repayment on the mortgage.”

4. verb

to pay back something, especially a debt or loan

“The family repaid the loan to the bank.”

5. verb

to make a payment or instalment periodically, especially in respect of a debt or loan

“She repaid the instalment on her credit card.”

Synonyms

  • compensation
  • payment
  • reimbursement

Antonyms

  • default
  • non-payment