repayment noun definition in Buying a home topic from the Oxford Advanced Learner's Dictionary


 noun: Buying a home 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