a maximum repayment

USAGE SUMMARY

The phrase "a maximum repayment" is correct and usable in written English.
It can be used when discussing the highest amount that can be repaid, often in financial contexts such as loans or debts. Example: "The loan agreement specifies that there is a maximum repayment of $10,000 over the course of five years."

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

On the assumption of a real interest rate of 2.2% and a maximum repayment period of 30 years, Labour believes this will hit middle-income groups most since they will be unable to pay back the debt as quickly as those on £100,000.

The Guardian

Current interest rates are 9.5% for a maximum repayment period of 10 years and 9.0% for a maximum repayment period of 8 years [25].

Carbon Balance and Management

If Randy did this, he would need to pay back the $50,000 to his Solo 401(k) amortized over a maximum repayment period of 60 months.

Forbes

Current interest rates are 9.5% for a maximum repayment period of 10 years and 9.0% for a maximum repayment period of 8 years [ 25].

Carbon Balance and Management

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

In response to fast growth in household indebtedness, the Central Bank reduced the ceiling on personal interest loans from 8 to 7%, lowered mortgage rates, capped the percentage of consumer loans at 50% of borrower's salaries for personal loans and 60% for housing loans, and limited maximum repayment terms to 10 and 25 years respectively.

Forbes

For full-time male graduates, this maximum repayment is £110 644 for any initial debt above £65 145, again as any debt is written off after 30 years.

BMJ Open

A number of other countries, including Canada and many parts of the US, impose maximum repayments for loans, but this is not the case in the UK.

The Guardian - Money

You may be able to postpone the start of your repayments for a maximum of 17 months if you are unemployed.

The Guardian - Money

Lending Club's repayment periods run a maximum of three years.

Forbes

The deal, which comes with no early repayment charges, is available on a repayment basis only, and up to a maximum loan to value ratio of 65 per cent.

Independent

Browne's long-awaited review is expected to propose that universities in England be allowed to raise tuition fees to a maximum of £6,250 a year while protecting lower earners by raising the salary threshold for repayment of loans to £21,000.

The Guardian

Expert writing Tips

Best practice

When discussing financial agreements, clarify the specific conditions under which the "maximum repayment" applies, such as early repayment options or penalties for exceeding the limit.

Common error

Avoid using "maximum repayment" interchangeably with the total amount owed. The "maximum repayment" refers to a limit on how much can be repaid within a specific timeframe or under certain conditions, while total debt represents the entire outstanding balance.

Linguistic Context

The phrase "a maximum repayment" functions as a noun phrase. It typically acts as the subject or object of a sentence, referring to the upper limit on the amount that must be paid back. Ludwig confirms its usability in written English.

Expression frequency: Rare

Frequent in

News & Media

50%

Science

50%

Formal & Business

0%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "a maximum repayment" is a noun phrase used to specify the upper limit of a repayment amount, as confirmed by Ludwig. It is grammatically correct but relatively rare, appearing mostly in news, media, and scientific contexts. When writing about loans or financial agreements, use this phrase to clarify the maximum amount required for repayment, which can prevent confusion with the total debt. Alternatives include "maximum amount repayable" and "repayment cap". Remember that clear and consistent usage is crucial to accurately convey financial information.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

maximum amount repayable

Specifies the total amount allowed to be paid back, emphasizing the sum.

highest possible reimbursement

Focuses on the act of reimbursing and its upper limit.

maximum pay back

A more informal way to express the uppermost limit of repayment.

the ceiling on repayment

Uses the metaphor of a ceiling to indicate an upper limit.

upper limit for repayment

Directly states the upper bound of the repayment.

repayment cap

A concise term indicating the repayment has a limit.

maximum amount of refund

Focuses on refunds as a form of repayment.

repayment ceiling

A synonym for "the ceiling on repayment", specifying the limit

top repayment threshold

Refers to the threshold that repayment cannot surpass.

peak repayment value

Highlights that the repayment has a top value or amount.

FAQs

How can "a maximum repayment" term affect loan agreements?

The "maximum repayment" term sets a limit on how much can be paid back, influencing interest accrual, loan duration, and potential write-offs. It's crucial to understand these conditions to manage debt effectively.

What's the difference between "a maximum repayment" and the total loan amount?

"A maximum repayment" is the highest amount you might have to pay under certain conditions, while the total loan amount is the entire sum borrowed. They aren't interchangeable. For instance, the total loan amount /s/total+loan+amount remains constant, but "a maximum repayment" might change depending on circumstances.

In what situations might I encounter "a maximum repayment" clause?

You're likely to encounter "a maximum repayment" clauses in student loans, mortgages, or any structured debt where there are income-based repayment options or potential forgiveness after a set period. Such clauses limit the total repayment obligation under certain scenarios.

Are there alternatives to using the phrase "a maximum repayment"?

Yes, you can use alternatives like "maximum amount repayable" or "repayment cap" to convey the same meaning. The best choice depends on the context and the level of formality required.