Meaning & Definition of word "Repayable"

Repayable

/rɪˈpeɪəbl/

1. Capable of being paid back or returned, especially in relation to a loan or debt.
- Example: The terms of the loan specify that the amount is fully repayable within ten years.
2. Referring to a financial obligation that is due to be paid back.
- Example: Many students find that their education loans are repayable after graduation.
3. Indicating that a sum of money must be reimbursed or returned.
- Example: The project received a repayable grant which must be paid back once the funding is generated.
4. Describing any debt that can or should be repaid.
- Example: Credit card debts are repayable on a monthly basis.
5. Relating to any obligation to repay borrowed money.
- Example: The loan was classified as a repayable amount due to its terms.

Derived from the verb 'repay' combined with the suffix '-able' indicating capability.

in full:

refers to repaying the total amount of a loan or debt

on demand:

means that something is repayable whenever requested

paid in full:

indicates that a debt has been completely repaid

repay:

to give back money that was borrowed or to return a favor

loan:

a sum of money that is borrowed and is expected to be paid back with interest

Meaning: IOU

Example Sentence: I gave him twenty bucks, and he wrote me an IOU, so it's repayable.

Meaning: payback time

Example Sentence: When I get my paycheck, it's payback time for all those loans.