# Repayment in older documents also amortization, extinction, mortification, prepayment, renumeration and rifondo (redemption, debt retirement, amortization, extinction)

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- Post ID: 592618
- Modified: 2023-07-25T21:12:14+00:00
- Language: en

## Definition

Generally, the contractual repayment (amortization; payoff) of a debt expressed in monetary terms (the complete repayment of loan principal, interest and any other sums due; payoff occurs either over the scheduled full term of the loan, or through one or more prepayments). - The individual installments of a larger amount are still usually called instalments (instal[l]ment), and in older literature often partial payments. - A debt security issued in paper form is legally considered to have been redeemed when it is - finally withdrawn from circulation, - declared invalid, cancelled, destroyed or - handed to a trustee for destruction. - See amortization, bond, annuity bond, draw, effective interest, loan, bullet, fixed maturity, fund amortization, close-out, call, early, annuity bond, redemption, early, balance payment, interest, prepayment risk, prepayment indemnity, payment, interim interest. - Cf. the Deutsche Bundesbank's monthly statistical supplement "Capital Market Statistics" on redemption of securities, broken down by security type and maturity. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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