noun the action of paying back a loan or money that was borrowed
adjective repayment can also be used as an adjective to describe something related to the act of paying back a debt or loan
The act of paying back money that was borrowed, typically with interest
The regular installment of funds to settle a debt or loan
Managing one's budget to ensure timely repayment of debts
The obligation to repay borrowed money used for educational expenses
The process of giving back borrowed funds over a specified period of time
In the context of a writer, repayment may refer to the act of paying back a loan or debt, or it could also refer to the reciprocation of a favor or gesture in a story or narrative.
For a psychologist, repayment could refer to the process of a patient making progress and showing improvement as a result of therapy, or it could also refer to the need for a psychologist to adhere to ethical guidelines and repay trust and confidentiality to their clients.
In the field of finance, repayment typically refers to the scheduled payments made by a borrower to repay a loan or debt, including both principal and interest payments.
In a legal context, repayment could refer to the restitution of damages or losses incurred by a plaintiff as a result of a legal dispute or settlement, or it could also refer to the fulfillment of contractual obligations by parties involved in a legal agreement.