Repay/rɪˈpeɪ/ Definition 1 of 3Pro Tip 1/3Paying Off Often used to describe gradually reducing debt over time. I aim to repay my car loan by the end of next year. Pro Tip 2/3Financial Obligation 'Repay' suggests a strong sense of duty or obligation in financial contexts. We must repay the bank loan within five years. Pro Tip 3/3Monetary Context Used when discussing money, specifically when returning an amount borrowed. After I repay this debt, I'll be free from loans.