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 Prosecutors say Ashton then proposed a way for the chiropractor to be repaid, by setting up a company that would supply the UAW with 58,000 watches. — Washington Post, "Acting UAW head says he’ll clean up corruption found by feds," 6 Nov. 2019 In the meantime, treat your loans as obligations that must be repaid. — Russ Wiles, azcentral, "Student loan debt: Strategies to pay it off faster, smarter," 3 Nov. 2019 And a $500-million loan to Neumann extended by JPMorgan, UBS and Credit Suisse will be repaid, one of the people said. — Los Angeles Times, "SoftBank takes control of WeWork as part of bailout; Adam Neumann leaves board," 22 Oct. 2019 That includes about $15 million in city funds that were to be repaid by property taxes generated by new developments at Century City. — Tom Daykin, Milwaukee Journal Sentinel, "Strauss Brands drops plans for Century City meat processing facility over community opposition," 21 Oct. 2019 All those monies need to be repaid, and agency leaders acknowledge that the financial squeeze is hampering work in other programs. — oregonlive, "Failing forestry: Gov. Brown launches team to fix department’s financial mess," 21 Oct. 2019 Bondholders want assurance that they will be repaid. — Clifford Krauss, New York Times, "‘It’s the Only Way to Get Paid’: A Struggle for Citgo, Venezuela’s U.S. Oil Company," 17 Oct. 2019 In a July 2018 non-prosecution agreement for the agency, by then called Imagina US, its guilty plea called for $565,000 to be repaid to the Salvadoran soccer body. — San Diego Union-Tribune, "FIFA bans indicted El Salvador official for taking bribes," 7 Oct. 2019 The borrowing plan could go forward at the Oct. 8 meeting, when a financial adviser will present details of proposals from financial institutions interested in making a loan to be repaid over 13 years. — Jerry Fallstrom, orlandosentinel.com, "Lake poised to borrow $10M to accelerate road-resurfacing plan," 27 Sep. 2019

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

15 Nov 2019

Time Traveler for repay

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

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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