Loan Repayment
/ˈloʊn rɪˌpeɪmənt/
Definitions
- (n.) The act of repaying money borrowed under a loan agreement, typically by installments over a specified period.
The borrower made the final loan repayment ahead of schedule.
Forms
- loan repayments
Related terms
Commentary
Loan repayment refers specifically to the discharge of debt obligations under loan contracts and is critical in credit law and finance agreements.
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.