Definition of «repayment terms»

Repayment terms refer to the conditions and details regarding how a loan or debt will be paid back. These terms typically include information about the interest rate, repayment period, frequency of payments, and any fees associated with the loan. The specifics of these terms can vary depending on the lender, type of loan, and borrower's creditworthiness. Understanding the repayment terms is important for borrowers to ensure they can meet their obligations and avoid defaulting on their debt.

Sentences with «repayment terms»

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