| 单词 | payback period |
| 释义 | payback period payback period noun [C]
(Accounting )
1 the time it will take for the profit from a business project, an asset, etc. to be equal to the amount invested in it: We estimate that the payback period for the new machinery will be two years. The total cost of installing the burner was €70 000, resulting in a payback period of just over 3 years. SYN RECOVERY PERIOD
2 the amount of time over which a loan can be paid back: The payback period expires on 20 May. |
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