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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
The American Bar Association also has a summary of loan repayment assistance programs.
The loan repayment period may be extended for a member of the armed forces for the period he or she had active duty.
There is nothing in the case law, says Aldridge, which says there is not value in the repayment of trust monies.
Usual Inland Revenue practice is to refund overpaid tax, plus a repayment supplement at simple interest rates for the last six tax years.
Nor is it alleged that the repayment of the loan was for fraudulent or improper purposes.
Whatever sum you borrow, the amount the bank wants per month will shrink the more you postpone the date of final repayment.

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