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What is a repayment?

What is a repayment? Here are some definitions.

Noun
  1. The act of repaying.
  2. The money or other resource that is repaid.
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Examples
Usual Inland Revenue practice is to refund overpaid tax, plus a repayment supplement at simple interest rates for the last six tax years.
There is nothing in the case law, says Aldridge, which says there is not value in the repayment of trust monies.
Borrowing from family or friends can provide ready cash, easier terms, and a longer repayment period than traditional sources of debt financing.
In the US, many people do this by making 26 fortnightly payments of half their mortgage repayment, instead of twelve monthly payments.
The loan repayment period may be extended for a member of the armed forces for the period he or she had active duty.
The American Bar Association also has a summary of loan repayment assistance programs.

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