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Repayable: meaning, definitions and examples

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repayable

 

[rɪˈpeɪəbl ]

Definition

Context #1 | Adjective

financial

Capable of being paid back, as a loan or debt.

Synonyms

redeemable, refundable, returnable.

Which Synonym Should You Choose?

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Word Description / Examples
repayable

Primarily used in financial contexts to indicate money that needs to be paid back over time.

  • The loan is repayable over a period of five years.
  • Student loans are typically repayable once you start working.
refundable

Used to describe something that can be returned in exchange for a refund, typically money.

  • The ticket is fully refundable if canceled within 24 hours.
  • Make sure the item is refundable before you buy it.
redeemable

Often used for vouchers, coupons, or points that can be exchanged for goods, services, or cash.

  • This coupon is redeemable for a free coffee.
  • Reward points are redeemable for various prizes.
returnable

Used for items that can be sent back or returned, usually within a certain period, but might not always come with a refund.

  • The rented equipment is returnable at any of our service centers.
  • Bottles are returnable for a small deposit fee.

Examples of usage

  • The loan is repayable over a period of five years.
  • These funds are repayable at a fixed rate of interest.
  • The amount is repayable in monthly installments.
  • The principal is repayable upon maturity of the loan.
  • Interest is repayable at the end of the term.

Interesting Facts

Etymology

  • 'Repayable' comes from combining 're-' meaning 'again' and 'pay,' so it literally means to pay back again.
  • The prefix 're-' is used in many English words to indicate repetition, such as redo or revisit.
  • The term has been in use since the early 1900s and reflects financial obligations.

Finance

  • Loans are often categorized as repayable or non-repayable; most student loans fall under repayable.
  • Interest rates can affect the total amount that is repayable, meaning you pay back more than borrowed over time.
  • There are different types of repayment plans, like fixed or income-driven, impacting how much you repay monthly.

Legal Context

  • In contractual agreements, the terms 'repayable' define the responsibilities of borrowers and lenders.
  • Bankruptcy laws outline what happens if debts are deemed unpayable, often affecting repayable loans.
  • In the case of business loans, failing to repay can lead to foreclosure on assets.

Cultural References

  • In literature, themes of debt and repayment often highlight character flaws or redemption arcs.
  • Movies frequently explore the consequences of failing to repay loans, with dramatic repercussions for characters.
  • In many cultures, the importance of repaying debts reflects personal honor and integrity.

Translations

Translations of the word "repayable" in other languages:

🇵🇹 reembolsável

🇮🇳 वापसी योग्य

🇩🇪 rückzahlbar

🇮🇩 dapat dikembalikan

🇺🇦 підлягає поверненню

🇵🇱 spłacalny

🇯🇵 返済可能な

🇫🇷 remboursable

🇪🇸 reembolsable

🇹🇷 geri ödenebilir

🇰🇷 상환 가능한

🇸🇦 قابل للسداد

🇨🇿 splátkový

🇸🇰 splatený

🇨🇳 可偿还的

🇸🇮 vračljiv

🇮🇸 endurgreiðanlegur

🇰🇿 қайтарылатын

🇬🇪 დაბრუნებადი

🇦🇿 geri qaytarıla bilən

🇲🇽 reembolsable

Word Frequency Rank

Positioned at #21,913, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.