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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.

repayment – Meaning, Etymology & Word Origin | OpenEtymology