repayment
UK[rɪˈpeɪmənt]US[rɪˈpeɪmənt]
n
The act of paying back money that you have borrowed.
n
An amount of money that is paid back.
Morpheme Breakdown
re
pay
ment
re
again
pay
give money
ment
state/action
Etymology
The word 'repayment' is a layered construction that tells a clear story of financial obligation. Its core, 'pay', originates from the Latin 'pacare', meaning to pacify or appease, reflecting the ancient concept of settling a debt to restore peace. The prefix 're-', meaning 'back', was attached to indicate the action of returning what was given. Finally, the noun-forming suffix '-ment' was added to denote the action itself or its concrete result. Thus, the literal "action of paying back" evolved seamlessly into the modern financial term for settling a loan.
Analysis
Structure: re (again) + pay (give money) + ment (state/action)
- re: A prefix of Latin origin, meaning "again" or "back". It indicates repetition or return.
- pay: A verb of Old French and ultimately Latin origin (from 'pacare', meaning to appease or pacify, later via 'payer' meaning to give money). It functions as the core root meaning to give money for goods, services, or to settle a debt.
- ment: A suffix of Latin origin (via Old French '-ment'), used to form nouns expressing the action or result of a verb.
Examples
The loan agreement specifies a monthly repayment schedule.
Making an early repayment can reduce the total interest you owe.
He struggled to meet the repayments after losing his job.