Repayment Rate (Noun)
Meaning
The amount of money paid out per unit time.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's repayment rate was a major factor in determining the success of the loan program.
- A high repayment rate is essential for lenders to ensure that they can recover their investment.
- The repayment rate of the mortgage was fixed at $1,000 per month for the next 10 years.
- To increase the repayment rate, the borrower agreed to make bi-weekly payments instead of monthly payments.
- The repayment rate of the credit card debt was affected by the interest rate and the borrower's payment habits.