What is a fancy word for paying off debt?
amortise, amortize. liquidate gradually. ante up, pay, pay up. cancel or discharge a debt.
Some common synonyms of repay are compensate, indemnify, pay, recompense, reimburse, remunerate, and satisfy. While all these words mean "to give money or its equivalent in return for something," repay stresses paying back an equivalent in kind or amount. repay a favor with a favor.
Amortization: Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.
- pay.
- pay up.
- meet.
- settle.
- balance.
- spring (for)
- stand.
- pony up.
repayment (noun as in paying back) Strongest matches. compensation reimbursement reparation restitution restoration. Strong matches. amends atonement indemnification quittance recompense redress requital retaliation revenge.
ante up, pay, pay up. cancel or discharge a debt. verb. pay off (loans or promissory notes) synonyms: redeem.
pay. discharge or settle. square. pay someone and settle a debt. compensate, make up, pay, pay off.
to give what is owed for I finally paid off the loan. paid. paid up. met. sprung (for)
consequence outcome payment reward settlement. Strong matches. adjustment clincher culmination finale judgment pay result retribution upshot.
To amortize is to gradually pay off a debt. A bank will help you amortize a loan so that you can make a monthly payment until you've paid back the entire amount.
What's another word for payback?
Synonyms of payback
to make a return payment to I already paid back what I owed you for groceries. reimburse. repay. refund. compensate.
arrears bill capital commitment credit damage deficit due indebtedness liability mortgage obligation price tag receipt.
Amortization – In simple terms, amortization is the process of paying off the principal and interest of a loan through installments. But amortization also refers to the process of front-loading interest payments so that the interest is paid first before the principal is fulfilled.
25 other terms for clear your debts. pay your way. your debts are repaid. out of debt. pay off your debt.
- Figure out how much you owe. Write down how much you owe to each creditor. ...
- Focus on one debt at a time. Start with the credit cards or loans with the highest interest rate and make the minimum payments on your other cards. ...
- Put any extra money toward your debt. ...
- Embrace small savings.
Debt forgiveness is also referred to as debt cancellation or debt relief, but the latter describes an entirely different process of eliminating debt. Lenders apply debt forgiveness in several ways, including through directly negotiated settlements or government programs.
Definitions of payout. noun. the act of spending or distributing money. synonyms: disbursal, disbursement, outlay, spending.
Debt settlement means you stop paying your creditors altogether and, instead, save the monthly payments you were making in a savings account. Once you have enough money in the account, the debt settlement company will contact the creditor and negotiate a lump sum payoff of your debt (often for a much lower amount).
Repayment refers to paying back money that you have borrowed. Loan repayments cover a part of the principal, or the amount borrowed, and interest, which is what the lender charges for supplying the funds. Loan agreements specify the repayment terms, including the interest rates to be paid.
Debt settlement, also called debt relief or debt adjustment, is the process of resolving outstanding debt for far less than the amount you owe by promising the lender a substantial lump-sum payment.
What is a formal synonym for settle?
- achieve.
- clear.
- complete.
- conclude.
- decide.
- determine.
- end.
- establish.
arrears balance due indebtedness liability obligation outstanding debt unpaid debt. unpaid bill (noun as in arrears)
1 (verb) in the sense of settle. Synonyms. settle. clear. discharge.
Some common synonyms of pay are compensate, indemnify, recompense, reimburse, remunerate, repay, and satisfy.
to finish paying back money that you owe for something: pay off a debt/loan/mortgage Student loans are usually paid off at a very preferential rate.
