Repayment arrangement
An agreement setting out how a debt will be repaid over time, usually by regular affordable payments.
Related terms
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Payment arrangement
An agreement with a creditor about how and when a debt will be repaid, often by affordable instalments.
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Repayment plan
A structured plan showing how much will be paid towards a debt and when.
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Payment proposal
An offer setting out how a debtor proposes to pay or settle a debt, including amount, timing and any conditions.
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