Payback period

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payback period

[′pā‚bak ‚pir·ē·əd]
(industrial engineering)
The amount of time required for achieving an amount in profits to offset the cost of a capital expenditure, such as the cost of investment in modifications in an industrial facility for the purpose of conserving energy.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

Payback period

A popular nondiscounting project selection technique used when organizations require the capital investment of a project to be recovered within a specified period; the period it takes for the stream of net cash flows to equal the initial investment. Also, a term used in the evaluation of sustainable and renewable energy options, wherein greenhouse or greenhouse intensive energy savings that the technology may enable over its useful life are assessed in relation to the embodied energy required for its manufacture. For renewable energy systems, it can also refer to the period of time over which energy cost savings derived from accessing renewable energy offset the upfront capital costs of the system.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved
References in periodicals archive ?
They will borrow money to run the business and pay back the loan.'
The trustees say despite their relentless efforts to recover the money through negotiations, the trio has refused to pay back even after promising to do so.
"Rest assured that he will be made to pay back PS42,000 and if he fails to do so he will face more time in prison.
The court of first instance and the appellate court fined the man Dh50,000 and also ordered him to pay back all the money he owed to the bank.
Among those who have loans, the self-employed spent 42.4 percent of their disposable income to pay back loans, which is far higher than the 29.
Shabeer K A, regional director, Lulu Hypermarkets, Oman, said, 'Every year, Lulu launches the innovative and unique Half Pay Back offer, along with various other in-house promotions and deals, to cater to the everyday needs of customers.
The council has now applied for land charges to be placed on his properties and is pursuing him to pay back the money.
And, SSGCL was ordered to pay back Rs36 billion to the consumers.
Matthew Curtis, defending, told the hearing that his client will now have to sell his home in order to pay back the amount.
ISLAMABAD -- Spokesman of Finance Division said that the government had to pay back only US$ 3.6 billion to foreign creditors against external public debt over the remaining period of current fiscal year (2017-18).
FOUR West Midlands businessmen convicted of running a PS60,000 tobacco counterfeiting plant and money laundering operation have been ordered to pay back PS170,000 of their criminal profits or face time behind bars.