Repaid

Repaid is the past tense and past participle of the verb repay. It denotes the act of paying back money or returning a debt, obligation, or favor. In financial contexts, a borrower repays the loan by giving back the principal plus any interest or fees; in everyday language, it can also refer to returning a favor or settling a debt of gratitude.

The term derives from the prefix re- meaning back or again, attached to pay. The form repaid reflects the irregular past tense of pay: although pay becomes paid in the past tense, repay uses repaid as its past tense and past participle rather than repayed. The correct spelling is repaid; repayed is a common misspelling.

Examples: "She repaid the loan in full," "He repaid the favor with a generous gesture," "The mortgage was repaid ahead of schedule." In legal or accounting contexts, "the principal was repaid on the due date" is a standard phrasing.

Common related terms include repayment (the act of paying back), repay (the base verb), and repayment schedule (a plan for when payments are due). The concept also appears in discussions of debt, loans, and financial obligations, where timely repaid balances are often a measure of creditworthiness and financial health.