Debt Repayment
/ˈdɛt rɪˌpeɪmənt/
Definitions
- (n.) The act of paying back money owed under a loan or other financial obligation, often under specified terms and schedule.
The borrower made a timely debt repayment to avoid default.
- (n.) The fulfillment of a debtor's obligation by returning the principal and any agreed interest to the creditor.
Debt repayment is a critical part of the loan agreement.
Forms
- debt repayment
- debt repayments
Related terms
See also
Commentary
Debt repayment commonly involves installment payments and may be legally regulated to protect creditor and debtor rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.