The length of time required for an investment to recover its initial outlay in terms of profits or savings.
- Getting any train operator on board for such investment would require a payback period possible in only a very long franchise.
- The analyst first investigated the payback period, which was defined as the length of time required to recover the cost of an investment.
- The payback period for investments in alternative energy sources is long.
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Syllabification: pay·back pe·ri·od
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