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Glossary   >   P   >   "Payback" Definition            Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Payback - The length of time it takes to recover the initial cost of a project, without regard to the time value of money.