Definition

1. Adjective:
   • Subject to repayment; requiring to be paid back: Describes a sum of money, typically a loan or debt, that must be returned to the lender or creditor according to agreed terms.
   • Capable of being repaid: Indicates that something (e.g., a favor, kindness) can be returned or reciprocated, though this usage is less common.

Usage

• The adjective "repayable" is primarily used in financial and legal contexts to describe debts, loans, or advances.
• It often follows the verb "to be" (e.g., is repayable, are repayable) and is commonly modified by phrases indicating the terms (e.g., repayable on demand, repayable over five years).
• It is a formal term.

Examples

• Financial Context:
  • The loan is repayable in monthly installments over three years.
  • All grants issued to the company are repayable if certain conditions are not met.
  • This is an interest-free advance, repayable upon your return to work.

Advanced Usage

• "repayable on demand": A loan or debt that must be paid back immediately when the lender requests it.
  • The overdraft facility is repayable on demand.
• Legally Binding: In contracts, "repayable" defines the obligation.
  • The sum shall become repayable in full upon termination of the agreement.

Variants and Related Words

• Repay (verb): To pay back money that is owed.
  • You must repay the principal amount.
• Repayment (noun): The action of paying back a loan.
  • The repayment schedule is very flexible.
• Irrepayable (adjective, rare): Not capable of being repaid.
  • I owe you an irrepayable debt of gratitude.

Synonyms

• Refundable: Capable of being paid back, often used for deposits or overpayments.
• Due: Owed as a debt or obligation.
• Outstanding: Still owed; not yet paid.

Antonyms

• Non-repayable: Not required to be paid back (e.g., a grant or gift).
• Forgiven: (Of a debt) canceled, not required to be repaid.

Related Phrases

• Repayable in kind: To be returned with an equivalent action or service rather than money.
  • His help was repayable in kind, so I helped him move house.
• Become repayable: To fall due for payment.
  • The full balance becomes repayable after the introductory period.

Adjective

1. subject to repayment
   • business loans are usually repayable in regular installments