repayment is the act of paying back a lender the money you ve borrowed typically it consists of periodic payments toward the principal the original amount borrowed and interest a fee for the privilege of being lent the money some loans even allow you to repay the full amount at any time though there might be early repayment fees 
loan repayment is a common financial obligation affecting everyone from those with low incomes to the wealthiest most people are dealing with one or more of the following auto loans mortgages education loans and credit card charges businesses too often manage a portfolio of debts that include mortgages lines of credit bonds and other structured corporate debt falling behind on repayments isn t just a minor hiccup it can trigger severe consequences like involuntary bankruptcy late payment charges and a damaging blow to your credit rating 