Definition, Meaning & Synonyms
payback time
noun
/ˈpeɪbæk taɪm/
Definition
The time required to recover an investment or repay a debt.
Examples
- The payback time for the new solar panels is estimated to be five years.
- Investors are often concerned about the payback time of a business venture.
Meaning
Payback time refers to the duration it takes to recoup an amount spent or invested, often used in financial contexts.
Synonyms
- return period
- repayment period
- recoup time
