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To pay, or to not pay money you owe

amortise

a British spelling of amortize

amortize

verb

to pay back money that you owe by making payments at regular times

clear

verb

to pay back all of the money that you owe to the person you borrowed it from

default

verb

to fail to pay money that you owe

discharge

verb

to pay what you owe to someone

discharge

noun

the payment of money that you owe

forgive

verb

if a country or bank forgives a debt, they decide that the debt does not have to be paid back

incur

verb

to lose money, owe money, or have to pay money as a result of doing something

liquidate

verb

to pay money that you owe

liquidation

noun

the payment of money that is owed

liquidity

noun

a situation in which a business has money or property that it can sell in order to pay money that it owes

overpay

verb

to pay more money than you owe

pay

verb

to give a company, institution etc money that you owe them

pay back

to give someone the same amount of money that you borrowed from them

pay off

to give someone all the money that you have borrowed from them to buy something

pay up

to pay money that you owe, especially when you are unwilling to pay

redeem

verb

to give all the money that you have borrowed to the person who you borrowed it from

repay

verb

to give someone money that you have borrowed from them

repayment

noun

the process of paying someone money that you have borrowed from them

repayment

noun

an amount of money that you pay to the person, bank etc that you have borrowed it from

reschedule

verb

to arrange to pay back money that you owe at a date that is later than originally agreed

service

verb

to pay interest on money that you have borrowed from someone

settle

verb

to pay all the money that you owe to a particular person or company

settle up

to pay all of an amount of money that you owe to a particular person or company

spread

verb

to divide an amount of money that you owe into parts and pay it in several instalments instead of all at one time

square up

if two people square up, one pays what they owe so that both people are equal

work off

to pay someone what you owe them by doing a job for them instead of giving them money

amortization

noun

defaulter

noun

make good (on) a promise/threat/debt etc

to do or pay what you have said you would

on account

if you buy something on account, you take it now and pay for it later

on account

if you pay an amount of money on account, you pay part of what you owe now and you pay the rest later

pre-cation

a paid holiday given to a new employee before they start their job

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