repayment
n. C / Un. the act of paying back money that you borrowed. It can also mean the specific amount of money you send to a bank or lender.
n. the act of paying back a sum of money previously borrowed; also refers to the specific installment or amount paid. Often used in financial contexts regarding loans or mortgages.
The monthly repayment for the car loan is two hundred dollars.
The bank agreed to extend the loan period to make the monthly repayment more affordable for the family.
Failure to meet the scheduled repayment could result in significant penalties and a negative impact on the borrower's credit rating, potentially hindering future financial endeavors.
Countable when referring to specific installments; uncountable when referring to the general process of paying back debt.