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

repayment

noun

/rɪˈpeɪmənt/

[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.
Extra Examples
- The bank has demanded repayment of the loan.
- a ten-year repayment option
- repayment to the fund
Topics Moneyc1, Houses and homesc1
Oxford Collocations Dictionary
adjective
- full
- partial
- early
- …
verb + repayment
- make
- keep up
- meet
- …
repayment + noun
- period
- plan
- schedule
- …
preposition
- repayment on
- repayment to
See full entry
[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.
- The monthly mortgage repayments are quite high.
- monthly/weekly repayments
Synonyms payment
paymentpremium ▪ 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 advance
premium 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 delivery
contribution 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 a service:
a subscription to Netflix
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 loan
deposit an amount of money that you pay as the first part of a larger payment:
We've put down a 5 per cent 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
Collocations Finance
FinanceIncome
- earn money/cash/(informal) a fortune/the minimum wage/a living wage
- 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 security
Expenditure
- 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/contactless card
- pay by/make out a/write somebody a/accept a (British English) cheque/(US English) check
- change/exchange money/currency
- give/pay/leave (somebody) a deposit
Banks
- 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/overdrawn
- use a mobile/an online banking app/platform/service
Personal 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/(North American English usually) installments
Financial 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
Extra Examples
- repayments on the mortgage
- They are struggling to keep up their loan repayments.
- The repayments can be made directly from your current account.
- Repayments can be spread over 25 years.
Topics Moneyc1, Houses and homesc1
Oxford Collocations Dictionary
adjective
- full
- partial
- early
- …
verb + repayment
- make
- keep up
- meet
- …
repayment + noun
- period
- plan
- schedule
- …
preposition
- repayment on
- repayment to
See full entry

See repayment in the Oxford Advanced American DictionarySee repayment in the Oxford Learner's Dictionary of Academic English

Check pronunciation: repayment

Other results

All matches

Nearby words

sufficiently

adverb

From the Word list

OPAL written words

Oxford Learner's Dictionaries Word of the Day