1. the act of paying back money that was borrowed
2. money that is paid back
3. the act of returning a favor or responding to something in kind

Examples

• The loan repayment is due on the first of each month.
• She made her final car loan repayment last week.
• The bank offers flexible repayment options for students.
• His repayment of the debt took five years to complete.
• The scholarship requires no repayment after graduation.
• She viewed her volunteer work as repayment for the community’s support.
• The repayment schedule was clearly outlined in the contract.