repayment

USAGE SUMMARY

The phrase "repayment" is correct and usable in written English.
It can be used when referring to the act of paying back money that was borrowed or owed. Example: "The repayment of the loan is due at the end of the month."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The US has tried Labour's strategy of more spending, less debt repayment – and it has made their situation worse, not better.

The Guardian - Opinion

But the organisation has itself come under fire from critics who argue that it has forced countries such as Greece to adopt unsustainable debt repayment programmes, undermining their recovery.

The Guardian - Business

Visiting the US, the Greek finance minister Yanis Varoufakis was forced to deny such a scenario telling Christine Lagarde, the IMF managing director, that Greece would honour all its debt obligations, starting with Thursday's €450m repayment to the Washington-based body.

The Guardian

"The government's plans will fix higher education funding, with a fairer repayment system and more financial security for universities," wrote Clegg.

The Guardian

Offering repayment plans and discussing ways they can help consumers will nip issues in the bud and remove the need to complain.

The Guardian - Business

And so, the Greek glass still looks half-empty, and four IMF loan repayments totalling €1.6bn will come in quick succession in mid-June to provide plenty of opportunities to miss a repayment".

The Guardian - Business

Heading the other way was Phoenix - the insurance group chaired by former FSA boss Howard Davies - after it announced a fundraising and the repayment of £450m of debt.

The Guardian - Business

Related: Greece debt repayment uncertain amid fresh round of talks There is also a good chance the eurozone managed to eclipse the world's biggest economy, the US, where growth came to a virtual standstill in the first quarter.

The Guardian - Business

At that time we stated that "it may be appropriate for you to convert your mortgage to a repayment basis (if you have not already done so)" and offered to pay for all the costs involved in doing this.

The Guardian - Money

A sign of solace may have come on Wednesday, when Greece made a €200m repayment to the International Monetary Fund, ahead of a meeting of the eurozone finance ministers on Monday – although this doesn't mean a breakthrough is imminent.

The Guardian - Opinion

The main benefit of a 0% deal is that all of your monthly repayment goes towards the outstanding balance, and therefore the debt can be cleared more quickly.

The Guardian - Money

Expert writing Tips

Best practice

When discussing financial obligations, use "repayment" to specifically denote the act of returning borrowed funds. This clarifies that the action is related to settling a debt, rather than a general payment.

Common error

Avoid using "payment" when you specifically mean the return of borrowed funds or settlement of a debt. Always use "repayment" to emphasize the debt aspect.

Linguistic Context

The primary grammatical function of "repayment" is a noun, denoting the act of repaying a debt or the amount repaid. Ludwig AI confirms this with numerous examples illustrating its use in financial and contractual contexts.

Expression frequency: Very common

Frequent in

News & Media

45%

Formal & Business

35%

Science

10%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "repayment" is a noun signifying the act of paying back a debt, used frequently across various contexts, as demonstrated by Ludwig AI. It is grammatically correct and most commonly found in news and formal business settings. When writing, use "repayment" to specifically refer to returning borrowed funds to avoid confusion with general "payment". Alternatives include "reimbursement", "refund", and "settlement", offering nuances to its meaning depending on the specific context. The phrase is considered neutral in register, often appearing in financial and contractual discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Reimbursement

Focuses on compensating for expenses already incurred.

Refund

Specifically refers to returning money for a purchase or overpayment.

Settlement

Often used in the context of resolving a debt or claim.

Debt servicing

Emphasizes the ongoing process of paying off debt, including interest.

Amortization

Refers to the gradual reduction of debt over time through regular payments.

Payment

A general term for the act of paying money, but lacks the specific connotation of returning something owed.

Debt clearance

Emphasizes the final act of eliminating debt completely.

Remittance

Typically refers to sending money, often internationally, but doesn't always imply repayment.

Indemnification

Focuses on protecting someone from financial loss, which can involve repayment in certain cases.

Compensation

Broader term for covering damages or losses, not necessarily involving a direct debt.

FAQs

What is the meaning of "repayment"?

The word "repayment" refers to the act of paying back money that was borrowed or owed.

What can I say instead of "repayment"?

Alternatives for "repayment" include "reimbursement", "refund", or "settlement" depending on the context.

How is "repayment" used in a sentence?

For example: "The loan's "repayment" schedule is structured over five years."

What is the difference between "repayment" and "payment"?

"Repayment" specifically refers to paying back something that was borrowed. "Payment" is a broader term that includes any transfer of money.