Definition of repayment noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//rɪˈpeɪmənt//
    ; NAmE NAmE//rɪˈpeɪmənt//
    Buying a home, Banking
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  1. 1[uncountable] the act of paying back money that you have borrowed from a bank, etc. The loan is due for repayment by the end of the year. debt repayment We offer flexible repayment terms. The normal repayment period is five years. See related entries: Buying a home, Banking
  2. 2[countable, usually plural] a sum of money that you pay regularly to a bank, etc. until you have returned all the money that you owe We were unable to meet (= pay) the repayments on the loan. mortgage repayments monthly/weekly repayments Synonymspaymentpremium contribution subscription repayment deposit instalmentThese are all words for an amount of money that you pay or are expected to pay, or for the act of paying.payment an amount of money that you pay or are expected to pay; the act of paying:ten monthly payments of $50 payment in advancepremium an amount of money that you pay once or regularly for an insurance policy; an extra payment added to the basic rate; a higher amount of money than usual:an insurance premium a premium for express deliverycontribution a sum of money that you pay regularly to your employer or the government in order to pay for benefits such as health insurance, a pension, etc:You can increase your monthly contributions to the pension plan.subscription an amount of money you pay in advance to receive regular copies of a newspaper or magazine or to receive a service:a subscription to ‘Newsweek’repayment (British English) an amount of money that you pay regularly to a bank, etc. until you have returned all the money that you owe; the act of paying this money:the repayments on the loandeposit an amount of money that you pay as the first part of a larger payment:We’ve put down a 5% deposit on the house.instalment one of a number of payments that you make regularly over a period of time until you have paid for something:We paid for the car by/​in instalments.Patterns (a/​an) annual/​monthly/​regular payment/​premium/​contributions/​subscription/​repayment/​deposit/​instalment payment/​repayment in full to pay a(n) premium/​contribution/​subscription/​deposit/​instalment to make a payment/​repayment/​deposit to meet/​keep up (with) (the) payment(s)/the premiums/(the) repayment(s)/the instalments CollocationsFinanceIncome earn money/​cash/(informal) a fortune make money/​a fortune/(informal) a killing on the stock market acquire/​inherit/​amass wealth/​a fortune build up funds/​savings get/​receive/​leave (somebody) an inheritance/​a legacy live on a low wage/​a fixed income/​a pension get/​receive/​draw/​collect a pension depend/​be dependent on (British English) benefits/(North American English) welfare/​social securityExpenditure spend money/​your savings/(informal) a fortune on… invest/​put your savings in… throw away/​waste/ (informal) shell out money on… lose your money/​inheritance/​pension use up/ (informal) wipe out all your savings pay (in) cash use/​pay by a credit/​debit card pay by/​make out a/​write somebody a/​accept a (British English) cheque/(US English) check change/​exchange money/​currency/(British English) traveller’s cheques/(US English) traveler’s checks give/​pay/​leave (somebody) a depositBanks have/​hold/​open/​close/​freeze a bank account/​an account credit/​debit/​pay something into/​take money out of your account deposit money/​funds in your account withdraw money/​cash/£30 from an ATM, etc. (formal) make a deposit/​withdrawal find/​go to/​use (especially North American English) an ATM/(British English) a cash machine/​dispenser be in credit/​in debit/​in the black/​in the red/​overdrawnPersonal finance manage/​handle/​plan/​run/ (especially British English) sort out your finances plan/​manage/​work out/​stick to a budget offer/​extend credit (to somebody) arrange/​take out a loan/​an overdraft pay back/​repay money/​a loan/​a debt pay for something in (especially British English) instalments/(usually North American English) installmentsFinancial difficulties get into debt/​financial difficulties be short of/ (informal) be strapped for cash run out of/​owe money face/​get/ (informal) be landed with a bill for £… can’t afford the cost of…/payments/​rent fall behind with/ (especially North American English) fall behind on the mortgage/​repayments/​rent incur/​run up/​accumulate debts tackle/​reduce/​settle your debts See related entries: Buying a home, Banking
  3. Extra examples Repayments can be spread over 25 years. The bank has demanded repayment of the loan. The loans are due for repayment in July 2015. The repayments can be made directly from your current account. They are struggling to keep up their loan repayments. a ten-year repayment option repayment to the fund repayments on the mortgage The monthly mortgage repayments are quite high. We were unable to keep up the repayments on the loan.
See the Oxford Advanced American Dictionary entry: repayment

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