Etymology:
The word "repay" originates from two Old French words:
The word entered Middle English around the 14th century as "repayen" and later evolved into its modern form "repay."
Meaning:
Repay means to pay back a sum of money or a debt that is owed. It implies that there is a prior obligation or debt that has been incurred and that payment is being made to fulfill that obligation.
Origin:
The concept of repaying debts has been present in human societies for centuries. In ancient times, debts were often repaid in the form of goods or services. As economies evolved, money became the primary means of repaying debts.
The legal and ethical obligation to repay debts has been recognized in various legal systems and societies throughout history. In many cultures, laws and customs have been established to enforce repayment and protect creditors from defaulting debtors.
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