Definition

The action of paying back money that you owe.

Example

After receiving my bonus, I made a repayment on my student loan.

Conversation

Have you thought about how you're going to manage that loan repayment?

Yeah, it's been on my mind a lot lately.

I heard there are some good options for repayment plans you could consider.

Definitely! I want to find something that works best for my budget.

Synonyms & Antonyms

Root Explanation

Repayment → It is formed from "re-" (meaning again) and "payment" (from Old French *paiment*, meaning the act of paying). The word "repayment" means the act of paying back or returning money that was borrowed or owed.

Memory Tip

Think of 'paying again' — 're-' means again, and 'payment' refers to the act of paying. This helps you remember that repayment is about giving back what was borrowed.

Visually Confused Words