The loan repayment
Example: Loan repayment returns borrowed money according to agreed schedule
Definition
"The loan repayment" refers to the process of returning borrowed money to a lender according to a predetermined schedule, often including principal and interest payments. It is a crucial financial obligation that ensures the lender recovers the amount lent over time.
Etymology
The term "the loan repayment" combines 'loan,' derived from Old English 'læn,' meaning something lent, and 'repayment,' which comes from the prefix 're-' meaning again, and 'payment,' from Old French 'paiement.' Together, they describe the act of paying back borrowed money.
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"The loan repayment" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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