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What does pay back mean?

Looking for the meaning or definition of the word pay back? Here's what it means.

Verb
  1. (transitive) to pay an amount of money owed to another, to repay
  2. (figuratively) to exact revenge
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Examples
Profits from the new company would be used to pay back farmer creditors some of the money due to them.
The result is that most workers found they were left with hardly anything to live on and were unable to pay back the debt.
Rather an abuse of parliamentary privilege to achieve a cheap and shoddy pay back for his mates.
These poorer countries had no choice but to accept privatized municipal services as a way of ensuring they'd pay back their loans.
Jay and Arty's mother has passed away, forcing them to live with Grandma while Dad earns enough money to pay back a loan shark.
For example, the interest rate the credit union charges will often be reduced if you pay back the loan early.

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