repayment noun definition in Banking topic from the Oxford Advanced Learner's Dictionary


 noun: Banking topic
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. 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

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