What is another word for making repayment?

Pronunciation: [mˌe͡ɪkɪŋ ɹɪpˈe͡ɪmənt] (IPA)

Making repayment is a phrase that is closely associated with financial transactions. It refers to the act of paying back borrowed money or fulfilling one's obligation to repay a loan. However, making repayment can be expressed in various ways. Some common synonyms for this phrase include "settling a debt," "clearing a loan," "repaying a sum," "discharging an obligation," "remitting funds," and "satisfying a liability." Regardless of the terminology used, the important thing is to ensure that the repayment is made on time and in full. Failure to do so can result in penalties, interest charges, and damage to one's credit rating. Therefore, it is best to communicate with the lender and agree on a repayment plan that is affordable and manageable for both parties.

What are the hypernyms for Making repayment?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the opposite words for making repayment?

Making repayment refers to the act of returning borrowed money or paying off a debt. The antonyms for making repayment can be categorized into two broad categories. The first category includes words that suggest not paying back the money borrowed or refusing to fulfill one's financial obligations. Such antonyms include defaulting, non-payment, and reneging. The second category includes words that suggest paying back more than what was borrowed or exceeding one's financial obligations. Such antonyms include overpayment, extravagance, and overspending. It is important to note that failing to make a repayment can have serious consequences on an individual's credit score and financial credibility.

What are the antonyms for Making repayment?

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