repayable

Everyday

1. (money) That must be paid back, usually by a certain time. tree →
2. That can be paid back. tree →

In the lessons

In everyday life and money lessons, a loan is repayable: you borrow money and must give it back, often with interest (extra money). A gift or grant is not repayable. In maths problems, "a loan of £100 repayable in 5 equal parts" means each payment is £100 ÷ 5 = £20. Phrases: repayable loan, repayable in instalments, repayable on demand, non-repayable.

Examples

• The loan is repayable over two years. tree →
• Mum said the money for my bike was repayable from my pocket money. tree →
• A £60 loan repayable in 6 weeks means £10 a week. tree →
• Grants are not repayable, but loans are. tree →
• The deposit is repayable when you return the keys. tree →
• The money is repayable on demand, which means at any time it is asked for. tree →

Note

From "repay" + -able. In maths: repayable in N equal parts means total ÷ N each time; if interest is added, total to repay = amount borrowed + interest. "Non-repayable" means you never have to give it back.