repay
verb
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repaying
Definition of repay
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Other Words from repay
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adjective
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noun
Examples of repay in a Sentence
Recent Examples on the Web
And based on the boos that rained on Luck at Lucas Oil Stadium on Saturday night, there could be a lot of fans looking to be repaid for some very expensive tickets. — Chuck Schilken, Los Angeles Times, "Former Indianapolis Colts player will buy season tickets from unhappy Andrew Luck fans," 26 Aug. 2019 At the end of the process, the consumer then may acquire a loan in minutes, typically to be repaid over the course of 30 days with rates between 5% to $15. — Lucinda Shen, Fortune, "Tala, A Company that Offers Loans For As Little As $10, Just Raised $110 Million," 21 Aug. 2019 Another Stamford Bridge academy product, Lampard will stick by Abraham, and hope his faith is repaid by a goal or two. — SI.com, "Chelsea: The XI That Should Start Against Leicester City," 16 Aug. 2019 In 2014, the Department of Housing and Urban Development ordered the city to repay nearly $4 million of a homeless services grant, saying the city could not account for the how the money was spent sufficiently. — Doug Donovan, baltimoresun.com, "Trump alleges ‘billions and billions’ of federal aid wasted in Baltimore; city officials dispute claim," 30 July 2019 Last month, a Maryland court ordered Peterson to repay a Bethesda lender more than $2.4 million, including an unpaid balance and legal fees, after Peterson defaulted on a 2016 loan. — Scott Allen, BostonGlobe.com, "Lawyer says Adrian Peterson was ‘taken advantage of’ amid latest report of financial troubles," 24 July 2019 And in 2016, the European Union ordered Apple to repay €13 billion ($14.6 billion) in tax breaks to Ireland. — Michael Scaturro, CNN, "Europe fines Qualcomm $270 million for 'predatory pricing'," 18 July 2019 Cogan also ordered Guzman to repay $12.6 billion, money his drug-trafficking organization made distributing cocaine and other drugs throughout the U.S. — Fox News, "Mexican drug kingpin 'El Chapo' draws life sentence in US prison," 18 July 2019 In 2016, the European Commission ordered Apple to repay $14.5 billion in unpaid taxes to Ireland. — Liz Alderman, New York Times, "France Moves to Tax Tech Giants, Stoking Fight With White House," 11 July 2019These 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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More Definitions for repay
repayment
nounFinancial 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
English Language Learners Definition of repay
See the full definition for repay in the English Language Learners Dictionary
repay
verb
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