Definition of Payback
Payback
pay·back
Definition/Meaning
(noun)
Compensation or revenge for a past injustice or injury.
e.g. The company offered a payback scheme to refund customers for the defective products.
(noun)
the reward, returns, or repayment to be obtained from some investment, especially in a financial sense, with the profit equal to the initial amount invested, or the time taken for these returns to be earned;
e.g. This venture has a short time for payback, since you can quickly make a profit from it.
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