Visszafizetése

Visszafizetése is a Hungarian word that translates to "repayment" or "reimbursement" in English. It refers to the act of returning money or value that was owed or received. This can encompass a wide range of financial transactions, from personal loans between individuals to the repayment of debts to financial institutions.

In the context of loans, visszafizetése is the process by which a borrower repays the principal amount borrowed, along with any accrued interest, to the lender over a specified period. This is a fundamental concept in personal and commercial finance, underpinning credit systems. The terms of the visszafizetése, including the amount, interest rate, and repayment schedule, are typically outlined in a loan agreement.

Beyond formal loans, visszafizetése can also apply to situations where one person owes another money for goods or services. For example, if a friend pays for your meal, your visszafizetése would be returning that money to them. It can also refer to reimbursement for expenses incurred on behalf of another party, such as an employer reimbursing an employee for business-related travel costs. The core idea is the restoration of a financial balance that was temporarily disrupted.