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repayment



Repayment is made when all or part of a debt is returned to the creditor] by the debtor. This may be achieved by a single payment or by payments over a period, known as installments. Most debt is repaid in this way by consumers, though the details may vary considerably.

Just to confuse things 'repayments' is often used to describe the series of payments made over a perios!

Joseph Harris - Debt Control Man, Author of Control Your Debt Crisis on Your Own Terms

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