Use 'payback period' in a Sentence

I wondered what the payback period was on the item and if they would be able to give back what they had taken from me.
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If you take loan from the bank, the bank will give you a payback period which is the amount of time you have to pay back the loan in full.
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You should make a special note of the last day of any payback period so that you are sure to not miss it.
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