How Do You Spell REPAYMENT?

Pronunciation: [ɹɪpˈe͡ɪmənt] (IPA)

The spelling of the word "repayment" can be broken down phonetically as /rɪˈpeɪmənt/. This word is composed of three syllables: "re-" which is pronounced as /riː/, "pay" which is pronounced as /peɪ/, and "ment" which is pronounced as /mənt/. The stress falls on the second syllable "pay". "Repayment" refers to the act of returning borrowed money or settling debts. It is important to ensure proper spelling of this word when dealing with financial matters.

Meaning and Definition
Common Misspellings
Etymology
Similar spelling word
Plural
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REPAYMENT Meaning and Definition

  1. Repayment refers to the act of returning or giving back money or something of value that was borrowed, owed, or taken. It involves the settlement of an outstanding debt, obligation, or financial arrangement, usually involving the return of borrowed funds along with any accumulated interest or agreed-upon fees. Repayment implies fulfilling one's obligation to reimburse or compensate a lender or creditor for the assistance, goods, or services provided.

    In the realm of finance, repayment often pertains to loans, debts, or credits. Financial institutions and individuals extend loans or credit to borrowers with the expectation that the borrowed amount will be repaid within a specified timeframe, usually in regular installments, until the initial principal, interest, and fees have all been resolved. Repayment schedules may vary depending on the terms of the agreement and can range from short-term commitments to long repayment plans spanning several years.

    Repayment can also encompass various other contexts beyond financial arrangements. It can involve the act of returning a favor, settling a debt of gratitude, or making proper amends for a previous action or behavior. It holds the connotation of fulfilling one's commitment, restoring balance or harmony, and resolving an obligation, whether it be monetary or non-monetary.

  2. The money repaid.

    Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for REPAYMENT

Etymology of REPAYMENT

The word "repayment" is derived from the combination of the prefix "re-", meaning "again" or "back", and the noun "payment", which originated from the Latin word "pāgmentum". "Pāgmentum" is derived from the verb "pangere", meaning "to fasten" or "to fix". Over time, the term "payment" evolved in English to refer to the act of giving money or something of value in exchange for goods or services. The addition of the "re-" prefix to "payment" indicates the act of paying back or returning a previous payment.

Similar spelling word for REPAYMENT

Plural form of REPAYMENT is REPAYMENTS

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Correct spelling for repayment
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