Loan repayment is the act of settling an amount borrowed from a lender along with the applicable interest amount. Usually, the repayment method includes a scheduled process in the form of equated monthly instalments (EMIs).
requite. repay. recompense. revenge. inflict punishment in return for a wrong done.
amortise, amortize. pay off a debt by making periodic payments. ante up, pay, pay up. cancel or discharge a debt.
Some common synonyms of repay are compensate, indemnify, pay, recompense, reimburse, remunerate, and satisfy. While all these words mean "to give money or its equivalent in return for something," repay stresses paying back an equivalent in kind or amount. In what contexts can compensate take the place of repay?
Amortization: Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.
compensate offset pay back refund reimburse restore reward. Strong matches.
/riˈpeɪ/ Other forms: repaid; repaying; repays. When you give someone money that you owe them, you repay them. A bank may loan you money to buy a new car, but you'll have to repay the money, plus interest. You might repay a bank loan, or repay your brother the dollar you borrowed last week.
Definition for payment. noun as in fee; installment of fee. Synonyms Antonyms. Strongest matches. amount, award, cash, deposit, disbursement, fee, outlay, pension, premium, refund, reimbursement, remittance, reparation, repayment, restitution, return, reward, royalty, salary, settlement, subsidy, sum, support, wage.
Hi there, I hope this email finds you well. This note is just a friendly reminder that the due date on invoice #XXXX is approaching, and the payment is due in X days. We wanted to take the opportunity to remind you of our payment schedule, which is a [Net 30, etc.]
Term loans carry a fixed or variable interest rate, a monthly or quarterly repayment schedule, and a set maturity date. If the loan is used to finance an asset purchase, the useful life of that asset can impact the repayment schedule.
Personal loan repayment terms typically range from two to seven years and may go as high as 12 years if you've borrowed a large amount. Ideally, you should look for the option to choose the repayment term that works best for you.
Below is a comprehensive breakdown of the three repayment types; principal & interest, interest-only, and capitalised interest, and the scenarios they are most suited to. Ultimately, choosing a repayment method that suits you and your circumstances will go a long way toward facilitating your financial success.
pay somethingback (to somebody)
to return money that you borrowed from someone synonym repay I'll pay you back next week.
to give what is owed for I finally paid off the loan. pay. pay up. meet. settle.
A promissory note is a documented promise to repay borrowed money. Promissory notes are binding legal documents used to protect both the lender and the borrower.
Retro Pay. Retroactive pay, or retro pay, refers to the compensation paid to an employee when their pay rate changes, or a pay adjustment is made for a past period. This can occur because of an administrative error or when pay increases are applied retroactively.
Back charges are billings for expenses incurred in a previous pay cycle. A back charge is also known as a chargeback.
Synonyms. pay back. refund. She will refund you the purchase price. settle up.
Repayment is the process of settling a debt, typically through set payments over time toward the principal and interest. Repayment terms are detailed in the loan agreement, including the contracted interest rate.
Borrow/Payback lets you transfer material between projects within your current organization. Borrow/Payback transactions apply to temporary project-to-project transfers.
Amortization – In simple terms, amortization is the process of paying off the principal and interest of a loan through installments.