Repayable

Repayable describes something that is required to be paid back, usually involving money or a debt. It signifies an obligation to return an equivalent value, whether through monetary installments, fulfilled services, or other agreed-upon terms. The timeframe for repayment, interest rates (if any), and method of repayment are typically specified within a loan agreement, contract, or understanding. The concept of repayability underpins many financial and contractual relationships.

Repayable meaning with examples

• The bank loan was structured to be repayable over a thirty-year period, allowing the homeowner manageable monthly installments. The loan terms also clarified interest rates, the penalties of failing to make payments, and any applicable fees for early repayment.
• Under the scholarship agreement, the grant was designed to be repayable if the recipient failed to meet the required academic standards. This safeguard ensured that funds were used for intended purposes.
• The construction project involved several bonds, and the investment was designed to be repayable once the project was completed. The bond offered investors a relatively low risk with a decent interest rate.
• The company's convertible bond was structured to be repayable in either cash or equity shares at the investor's discretion. It included terms that were very advantageous to both parties.
• In cases of overpayment, tax credits may be repayable if the recipient's income exceeds a predetermined threshold. The tax office will pursue any unpaid amounts in the form of a civil debt.