There are multiple definitions - click on the translation that matches your context.

extinguir (dívida)

verbo

full

pay back

verb

Definitions of pay back

English

to do something as an act of revenge or retaliation

I thought he might be trying to pay me back for being an hour late on our first date!

English

to give money back to someone after you have borrowed it

We have since stopped talking and he refuses to acknowledge the loan or pay me back.