👉 In finance, a repayment is a transaction where one party pays another to return the amount owed or borrowed. For example, a borrower repays a loan to its lender after paying back all interest and principal amounts. This can be in relation to an existing debt such as a personal loan or credit card, or it could refer to a different type of payment, such as a mortgage or lease. To understand the concept of repayment more clearly, consider the following examples: 1. A personal loan: If
