Definition, Meaning & Synonyms

debt-repayment

noun

/dɛt-rɪˈpeɪmənt/

Definition

The act of paying back money that has been borrowed.

Examples

Tim made his debt-repayment on time every month to maintain a good credit score.
After years of struggle, she finally completed her debt-repayment and felt a sense of relief.

Meaning

Debt-repayment refers to the process of returning borrowed funds to the lender. This can include paying back the principal amount as well as any interest charged.