Repayals

Repayals refer to the act of returning a payment or reimbursing a sum that has been borrowed or owed, often involving financial transactions. This term encompasses various contexts, including personal loans, credit payments, or any obligation to settle a debt. repayals can be executed in installments or as a lump sum, and they play a crucial role in maintaining trust and financial health within a personal or business relationship.

Repayals meaning with examples

• After receiving a substantial bonus, Janet prioritized her repayals to ensure her credit score remained intact. She set up a budget to diligently allocate funds for both her loan and credit card payments, thereby building a solid financial foundation for future investments and savings.
• The small business owner struggled with cash flow and was worried about the impending repayals. However, with careful planning and some seasonal product promotions, he managed to generate enough revenue to meet his funding obligations, thereby avoiding any late penalties and preserving his business credit.
• In the context of financial literacy classes, educators emphasize the importance of timely repayals. They discuss strategies for managing debts effectively and avoiding the pitfalls of late fees, which can snowball and create larger financial burdens for individuals and families over time.
• During negotiations with her lender, Michelle sought a grace period on her loan repayals. Due to unforeseen medical expenses, she needed temporary relief but promised to resume regular payments within a few months, highlighting the significance of communication in financial matters.