Repayment

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Repayment

The act of paying off debts. If one borrows a certain amount, one must eventually repay it to the lender.
References in periodicals archive ?
It has repeatedly expressed its interest in repaying the funds as soon as possible.
The long-standing Labour MP said he would be repaying pounds 300 claimed towards a pounds 470 oriental rug.
Any rent Massport collects from airlines and reserve funds will go toward repaying the bonds; the remainder will be covered by Ambac Assurance Corp.
The plaintiffs alleged in their complaint that they were owed monies on their subcontracts and that the construction loan lending institution had diverted trust funds by repaying itself prior to paying plaintiff's claims for work performed and material provided.
He was fined pounds 200, in addition to repaying rent rebate of pounds 6,458.
The emphasis is on repaying as much debt as possible while allowing the debtor to retain some income.