What's the difference between quittance and repayment?
Quittance
Definition:
(v. t.) Discharge from a debt or an obligation; acquittance.
(v. t.) Recompense; return; repayment.
(v. t.) To repay; to requite.
Example Sentences:
Repayment
Definition:
(n.) The act of repaying; reimbursement.
(n.) The money or other thing repaid.
Example Sentences:
(1) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
(2) It acts as a one-stop shop bringing together credit unions and other organisations, such as Five Lamps , a charity providing loans, and white-goods providers willing to sell products with low-interest repayments.
(3) Several months ago, the man received about $200,000 worth of marijuana from the cartel and delivered it to another dealer, but he could not repay the cartel, according to court papers.
(4) Then Greece has another chance.” But the intervention by the IMF will undermine EU leaders who argue Greece must submit to a fresh round of austerity measures to release funds for debt repayments.
(5) Dubai World's ability to repay the bond had been seen as a key test of the state's financial health.
(6) Taking the evidence to the high court in London two years later, Grant Thornton were able to secure a summary judgment against Viren Rastogi, ordering him to repay $360m.
(7) Nonetheless, Blatter was investigated by Swiss police over his attempts in secret to repay more than £1m worth of bribes pocketed by football officials.
(8) He was also was ordered to repay more than £37,000 under the 2002 Proceeds of Crime Act or face 15 further months in jail.
(9) Of course, saying this even while petitioning for easier repayment on Greece's mountain of debt is just another example of austerity's topsy-turvyism.
(10) It has proposed linking repayment of the debt to growth (the only real way of paying creditors and of guaranteeing their rights), and has indicated its desire to implement those structural reforms needed to strengthen an impoverished state left too long in the hands of corrupt elites.
(11) Other proposals include a requirement for PPI providers to give consumers a personal quote, clearly setting out the cost of the policy, both on its own and when added to the repayments.
(12) You may be able to put some of your mortgage on a repayment basis and some on an interest-only basis.
(13) I've got to pay £15 a week [as part of a repayment plan].
(14) If that is guaranteed, I am in favour of a delay in the repayment," he said, adding that the delay could be two or three years.
(15) Action will be needed, too, to mitigate the scale of loan repayment.
(16) Last Monday, INM negotiated a standstill agreement with its bondholders which gave the company another six weeks to repay a €200m debt.
(17) Conversely, having no credit history can be just as troublesome as having a poor rating: without a history of spending and repayments, a bank may be less willing to loan you money.
(18) Hours after Greece’s bailout programme with its creditors expired and the country became the first in the developed world to miss an IMF loan repayment, Greek pensioners without debit cards were at last able to withdraw some cash.
(19) However, if you knew how you planned to pay off £70,000, and wanted to run £30,000 on a repayment basis, moving from 4.3% to 2.89% would cut the cost from £665 to £563 a month.
(20) Greece missed a payment to the International Monetary Fund last week and the clock will tick down to 20 July when Greece must repay €3.5bn to the ECB – the final deadline, according to Bank of America Merrill Lynch.