Repayment Schedule
/ˌriːˈpeɪ.mənt ˈskedʒ.uːl/
Definitions
- (n.) A legally binding timetable outlining the dates and amounts for repaying a debt or loan.
The repayment schedule detailed monthly installments over five years.
Forms
- repayment schedule
- repayment schedules
Related terms
See also
Commentary
In drafting, clarity on dates, amounts, and conditions for early or late payments enhances enforceability of a repayment schedule.
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.