Payback

(redirected from paybacks)
Also found in: Dictionary, Thesaurus, Idioms.

Payback

The length of time it takes to recover the initial cost of a project, without regard to the time value of money.

Payback

The length of time until an investment makes an amount of money equal to the original amount invested. It does not account for the time value of money. That is, the payback period differs from the break-even time, which accounts for inflation, interest, and so forth.
References in periodicals archive ?
Energy conservation can also include upgrading chillers, motors and air conditioners, which typically have payback periods of less than three years.
Utility rebate programs also offer paybacks for the replacement of old motors with newer energy saving equipment.