English Reference
noun

repayment

n.
US /ɹiˈpeɪmənt/ UK /ɹɪpˈeɪmənt/ re·pay·ment UK spelling repayments

  1. 01 B2 Upper Intermediate

    the act of paying back money that you owe to a person or a bank.

    the process or act of returning borrowed funds to a creditor.

    Simple

    The bank agreed to a lower monthly repayment to help the family manage their debt.

    In context

    The borrower requested a temporary suspension of repayment while they transitioned between jobs to avoid defaulting on the loan.

    Usage

    Often used in the plural when referring to a series of scheduled payments.

  2. 02 B2 Upper Intermediate

    the specific amount of money that is paid back.

    the specific sum of money returned to a lender, often including interest.

    Simple

    Her monthly mortgage repayment increased after the interest rates went up.

    In context

    The final repayment was significantly larger than the previous ones due to the balloon payment structure of the commercial lease.

    Usage

    Commonly used with adjectives like 'monthly', 'annual', or 'lump-sum'.

  3. 03 C2 Proficiency Literary

    something bad done to someone because they did something bad to you first.

    the act of retaliating or taking revenge for a perceived wrong.

    Simple

    He viewed the loss of his rival's business as a just repayment for years of insults.

    In context

    In the final act of the tragedy, the hero demands a bloody repayment for the betrayal of his kin.

For example, homeowners face higher mortgage repayments, which can outweigh better savings deals.

BBC News· 19 Aug 2026

Meanwhile, expected lifetime repayments for lower earners “have risen from £6,430 to £42,070”, expressed in 2026 prices.

The Guardian· 10 Aug 2026
This entry
Level B2 · Upper Intermediate
Frequency Frequent
Updated