repayable 🔊
Meaning of repayable
Capable of being paid back, typically referring to loans or debts.
Key Difference
Repayable specifically indicates that something must or can be paid back, often under agreed terms, unlike general terms like 'returnable' which may not involve money.
Example of repayable
- The loan is repayable over a period of five years with a fixed interest rate.
- The advance given to the employee is repayable in monthly installments.
Synonyms
refundable 🔊
Meaning of refundable
Capable of being returned or paid back, often in the context of money.
Key Difference
Refundable usually implies a return of money already paid, while repayable refers to an obligation to pay back borrowed money.
Example of refundable
- The deposit is refundable if the rental property is left undamaged.
- Ticket fees are refundable if the event is canceled.
reimbursable 🔊
Meaning of reimbursable
Eligible for repayment, especially expenses incurred.
Key Difference
Reimbursable often refers to compensation for expenses already paid, whereas repayable is broader and includes any debt or loan.
Example of reimbursable
- Business travel costs are reimbursable upon submission of receipts.
- Medical expenses may be reimbursable under the insurance policy.
redeemable 🔊
Meaning of redeemable
Capable of being repaid or exchanged for something of value.
Key Difference
Redeemable often involves exchanging something (like bonds or coupons) for value, while repayable strictly involves returning money.
Example of redeemable
- The bonds are redeemable after ten years at their face value.
- Loyalty points are redeemable for discounts on future purchases.
returnable 🔊
Meaning of returnable
Capable of being given or sent back.
Key Difference
Returnable can refer to physical goods or non-monetary items, unlike repayable which is strictly financial.
Example of returnable
- The bottles are returnable for a small deposit refund.
- The library books are returnable within three weeks.
settleable 🔊
Meaning of settleable
Capable of being resolved or paid off.
Key Difference
Settleable implies finalizing a debt, while repayable refers to the ongoing obligation to pay.
Example of settleable
- The dispute is settleable through mediation or payment.
- The outstanding balance is settleable in one lump sum.
payable 🔊
Meaning of payable
Required to be paid; due.
Key Difference
Payable refers to any amount due, while repayable specifically involves returning borrowed money.
Example of payable
- The invoice is payable within 30 days of receipt.
- Taxes are payable by the end of the fiscal year.
liquidatable 🔊
Meaning of liquidatable
Capable of being converted into cash or settled.
Key Difference
Liquidatable refers to converting assets into cash, while repayable is about returning owed money.
Example of liquidatable
- The assets are liquidatable to cover the company's debts.
- Investments in stocks are liquidatable within a few days.
compensable 🔊
Meaning of compensable
Eligible for compensation or repayment.
Key Difference
Compensable often relates to repayment for losses or services, while repayable is a broader term for any debt.
Example of compensable
- Work-related injuries are compensable under labor laws.
- Overtime hours are compensable with extra pay.
dischargeable 🔊
Meaning of dischargeable
Capable of being released from an obligation, such as a debt.
Key Difference
Dischargeable refers to legally being freed from a debt, while repayable refers to the obligation itself.
Example of dischargeable
- Certain debts are dischargeable in bankruptcy proceedings.
- The mortgage may be dischargeable upon full payment.
Conclusion
- Repayable is best used when referring to loans or debts that must be paid back under specific terms.
- Refundable can be used when discussing money that will be returned, such as deposits or fees.
- Reimbursable is ideal for expenses that need to be compensated, like travel or medical costs.
- Redeemable works well when referring to bonds, coupons, or points that can be exchanged for value.
- Returnable is suitable for non-monetary items that need to be sent back, like bottles or books.
- Settleable is appropriate when discussing the resolution of debts or disputes.
- Payable is a general term for any amount due, not necessarily a repayment.
- Liquidatable applies to assets that can be converted to cash to settle obligations.
- Compensable is used when repayment is tied to compensation for losses or services.
- Dischargeable is relevant in legal contexts where debts can be legally forgiven.