repayment terms

Definition

The terms that a bond holder agreed to when the bond was issued. The repayment terms can relate to the amount of time that a debt holder has to repay a bond or debt obligation, the minimum payment that has to be made in a period, or the penalties levied for late payment.

Use repayment terms in a sentence

I wanted to know the repayment terms and that was a really interesting thing to me and I liked everything.

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The repayment terms on the loan called for monthly payments at four percent annual interest for a period of four years.

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Joe and Melissa had to visit a bankruptcy attorney as they found themselves in the unfortunate position of being unable to meet the agreed upon repayment terms.

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