Repay
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Paying Off
Often used to describe gradually reducing debt over time. I aim to repay my car loan by the end of next year.
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Financial Obligation
'Repay' suggests a strong sense of duty or obligation in financial contexts. We must repay the bank loan within five years.
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Monetary Context
Used when discussing money, specifically when returning an amount borrowed. After I repay this debt, I'll be free from loans.