Definition of repay
repayableplay \-ˈpā-ə-bəl\ adjective
repaymentplay \-ˈpā-mənt\ noun
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?
Recent Examples of repay from the Web
The state gave Maryland American a loan of up to $3.85 million, to be repaid over 30 years with an annual interest rate of 1.2 percent, Saeid Kasraei, administrator of MDE's Water Supply Program, said later.
The University of Louisville athletics department may have to repay more than $5 million for four of its NCAA Tournament appearances as part of the NCAA Committee on Infractions' ruling against the men's basketball program.
India’s central bank governor Urjit Patel has warned writing off loans for millions of farmers encourages others not to repay and risks pushing up inflation.
She was allowed to keep $2.5 million of her family's sizable assets, thanks to a deal Bernie made with the prosecutors; the rest of their $80 million fortune was immediately seized to help repay victims.
Unicaja has until April 2018 to repay those securities.
A year ago, the European Commission ordered Apple to repay $14.5 billion in back taxes, plus interest, to the European Union after spending years funneling its profits through an Irish subsidiary in an attempt to lower its tax bill.
Senate Republicans want to borrow an additional $350 million and repay that money using income and sales taxes normally used to pay for schools and health care.
Under federal rules, applicants must demonstrate an ability to repay debt, have solid credit histories and scores and must document everything.
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.
First Known Use of repay
Synonym Discussion of repay
Financial Definition of REPAY
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.
REPAY Defined for English Language Learners
Definition of repay for English Language Learners
: 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 Defined for Kids
Definition of repay for Students
1 : to pay back repay a loan
2 : to do or give something in return How can I repay the favor?
Seen and Heard
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