paybackestimate
nounUK /ˈpeɪbækˌɛstɪmət/
US /ˈpeɪbækˌɛstəmət/
A paybackestimate is a guess about how long it will take to get your money back.
The builder gave us a paybackestimate for the new solar panels.
RELATED WORDS
OTHER MEANINGS
2. A rough calculation of when a loan will be fully repaid.
The bank's paybackestimate showed the loan would be clear in five years.
3. An informal figure for how soon a purchase saves enough to cover its cost.
Her paybackestimate for the bike was about eight months of bus fare.
4. A quick guess at the time needed to earn back money spent on a project.
The team's paybackestimate helped them decide whether to start the project.