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  • noun
    plural -backs
    [noncount] :punishment for something that was done in the past
    This is payback [=this is my revengefor all the pain you've caused me.
    They beat our team last yearso we've got to beat them this year as payback.
    You've ruined my lifeand now it's payback time. [=now I'm going to hurt you because you hurt me] - see also pay back at 1pay
    [count] :an amount of money that you receive after investing in something and that is equal to or greater than the amount of money that you originally invested - usually singular
    [count] :the amount of time that passes before invested money is returned or before money that is owed is paid - usually singular
    a five-year payback
    The loan calls for a two-year payback period.