repay

verb

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re·pay | \ (ˌ)rē-ˈpā

repaid\ (ˌ)rē-ˈpād

\; 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

Other Words from repay Synonyms Choose the Right Synonym More Example Sentences Learn More about repay

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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?

Recent Examples on the Web The judge also ordered him to repay more than $140,000 to account for his earnings from his role in the scheme, records say. — Cory Shaffer, cleveland, "Ohio Supreme Court slaps indefinite suspension on attorney convicted in $17 million oil and gas Ponzi scheme," 13 May 2020 According to the audit, Chauncey Shines was ordered by the chief examiner to repay $45,908.72. — al, "Montgomery school officials spent $700,000 in public funds on liquor, gambling, strip clubs," 24 Feb. 2020 She and Johnson have been ordered to repay Jack Cincinnati Casino $5,000. — Kevin Grasha, Cincinnati.com, "Man, woman ordered to pay $1.2 million to Fifth Third Bank for check fraud scheme," 30 Jan. 2020 He was also ordered to repay the EPA $1.5 million for cleanup costs. — Steve Pepple, Detroit Free Press, "Gov. Whitmer says her office reviewing criminal charges against 'green ooze' polluter," 30 Dec. 2019 One month later, a federal judge ordered him to repay investors in 19 bond and private financing offerings. — Kat Stromquist, Arkansas Online, "Nursing homes hustle to move out 60 residents," 8 Dec. 2019 In addition to the fine, Webb has been banned from trading until January 2022 and ordered to repay his more than $400,000 in profits. — James Osborne, Houston Chronicle, "Houston firm Classic Energy fined $1.5 million for illegal trades," 2 Oct. 2019 Losses totaled more than $812,000, and all of the women were ordered to repay that much or more in restitution for a con that officials said involved hundreds of credit cards. — Jerry Fallstrom, orlandosentinel.com, "Two women sentenced to federal prison in $800K ripoff of elderly," 7 Sep. 2019 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

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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Last Updated

30 May 2020

Cite this Entry

“Repay.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/repay. Accessed 1 Jun. 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