repay

verb
re·​pay | \ (ˌ)rē-ˈpā How to pronounce repay (audio) \
repaid\ (ˌ)rē-​ˈpād How to pronounce repaid (audio) \; repaying

Definition of repay

transitive verb

1a : to pay back repay a loan
b : to give or inflict in return or requital repay evil for evil
2 : to make a return payment to : compensate, requite
3 : to make requital for : recompense the success that repays hard work

intransitive verb

: to make return payment or requital

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Other Words from repay

repayable \ (ˌ)rē-​ˈpā-​ə-​bəl How to pronounce repayable (audio) \ adjective
repayment \ (ˌ)rē-​ˈpā-​mənt How to pronounce repayment (audio) \ noun

Synonyms for repay

Synonyms

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Choose the Right Synonym for repay

pay, compensate, remunerate, satisfy, reimburse, indemnify, repay, recompense mean to give money or its equivalent in return for something. pay implies the discharge of an obligation incurred. paid their bills compensate implies a making up for services rendered. an attorney well compensated for her services remunerate clearly suggests paying for services rendered and may extend to payment that is generous or not contracted for. promised to remunerate the searchers handsomely satisfy implies paying a person what is required by law. all creditors will be satisfied in full reimburse implies a return of money that has been spent for another's benefit. reimbursed employees for expenses indemnify implies making good a loss suffered through accident, disaster, warfare. indemnified the families of the dead miners repay stresses paying back an equivalent in kind or amount. repay a favor with a favor recompense suggests due return in amends, friendly repayment, or reward. passengers were recompensed for the delay

Examples of repay in a Sentence

You can repay the mortgage over 30 years. She would rather have to repay the bank than borrow from her parents and have to repay them. How can I ever repay your kindness? How can I ever repay you for your kindness?
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Recent Examples on the Web The advantages include modest fees, a quick and easy application process and the ability to repay the balance at any time. Russ Wiles, azcentral, "What you need to know for your taxes if you're getting coronavirus relief from unemployment or tapping retirement funds," 10 May 2020 The banks will not be expected to assess a borrower’s ability to repay the loan, only to establish that the business was operational on Feb. 15, said the officials, who briefed reporters on the condition that they not be identified by name. David J. Lynch, BostonGlobe.com, "Banks brace for millions of small-business loan requests as Trump coronavirus plan is put to test," 1 Apr. 2020 Borrowers won’t have to show their ability to repay, and there will be no collateral requirements. Diego Mendoza-moyers, ExpressNews.com, "Local, federal governments rush to help small-business owners in COVID-19 crisis," 29 Mar. 2020 The cash advances from the Fed would be repaid when the mortgages are paid off or refinanced. Matt Egan, CNN, "The $2 trillion stimulus will slam the mortgage industry -- unless the Fed comes to the rescue," 26 Mar. 2020 The exact terms of the loans are determined on a case-by-case basis, based upon each borrower’s ability to repay. Jeremy Pelzer, cleveland, "Ohio businesses, nonprofits hurt by coronavirus crisis can now receive up to $2M in federal disaster loans," 19 Mar. 2020 The announcement came after an unusual late-night conference call among members of the bank’s Governing Council, which followed signs that bond investors were losing faith in Italy’s ability to repay its enormous government debt. New York Times, "Markets Plummet Further in Asian Trading: Live Updates," 19 Mar. 2020 Concerns continue to mount about borrowers’ ability to repay their loans as more offices close their doors to employees to avoid spreading the infection. Stephanie Toone, ajc, "Trump: Federal student loan interests will be waived in midst of coronavirus crisis," 13 Mar. 2020 Low-income homeowners struggling with debt were also less likely to qualify for Small Business Administration disaster loans, which determine eligibility based on credit score and ability to repay. R.a. Schuetz, Houston Chronicle, "Harvey aid more likely to go to wealthy, study finds," 4 Mar. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'repay.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of repay

15th century, in the meaning defined at transitive sense 1a

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Time Traveler for repay

Time Traveler

The first known use of repay was in the 15th century

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Statistics for repay

Last Updated

16 May 2020

Cite this Entry

“Repay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/repay. Accessed 29 May. 2020.

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More Definitions for repay

repayment

noun

Financial Definition of repayment

What It Is

Repayment usually refers to the payments on a debt.

How It Works

Under the terms of a loan, repayment can have different schedules and requirements. For example, a loan may be amortized over a specific period of time, requiring regular repayments. The repayments would be divided between the interest (i.e. the interest on the outstanding loan amount) and the principal repayment (i.e. the remaining amount of the periodic payment that is used to reduce the outstanding loan amount). At the same time, a loan term may be amortized over a longer period of time than the due date on the loan.  In this case, a loan will require a "balloon repayment" (i.e. the amount of principal not yet repaid will be due in full at the end of the term). In either case, all payments on the loan are called repayments.

Why It Matters

For both a borrower and a lender, the breakdown of repayments into principal and interest are very important. For a business, the interest portion of the repayment on a business loan is tax deductible. The principal is not.   For a lender, the interest portion of the repayment is treated as income.  The principal is not.

Source: Investing Answers

repay

verb
How to pronounce repay (audio)

English Language Learners Definition of repay

: to pay back (money that you have borrowed)
: to make a payment to (a person or organization that has loaned you money)
: to do or give something in return for (something) : to provide something in return for (work, effort, etc.)

repay

verb
re·​pay | \ rē-ˈpā How to pronounce repay (audio) \
repaid\ -​ˈpād \; repaying

Kids Definition of repay

1 : to pay back repay a loan
2 : to do or give something in return How can I repay the favor?

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More from Merriam-Webster on repay

Thesaurus: All synonyms and antonyms for repay

Rhyming Dictionary: Words that rhyme with repay

Spanish Central: Translation of repay

Nglish: Translation of repay for Spanish Speakers

Britannica English: Translation of repay for Arabic Speakers

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