Which term refers to money that is paid back to the lender over time?

Principal

Collateral

Interest

Repayment

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

Answer and Solution

D. Repayment

Repayment refers to the act of returning borrowed money to the lender, often in installments over a specified period.

Watch Video Solution

Keep Practising

Students who asked this also explored

Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

In banking, what does 'collateral' refer to?

Which one of the following factors can affect the interest rate on a loan?

What type of loan is typically used for short-term needs and often has higher interest rates?

What percentage of deposits do banks typically hold as cash for withdrawals?