Crossword Genius

Give Cheeko money in split debt settlement (9)

Ross

I believe the answer is:

repayment

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'money in split debt settlement' is the definition.
The definition and answer can be both acts as well as being singular nouns.
Maybe there's a link between them I don't understand?

'give cheeko' is the wordplay.
'give' becomes 'repay' (repaying is a kind of giving).
'cheeko' becomes 'ment' (I can't explain this - if you can you should give a lot more credence to this answer).
'repay'+'ment'='REPAYMENT'

Can you help me to learn more?

(Other definitions for repayment that I've seen before include "Refund" , "Type of mortgage" , "Money refunded" , "Reimbursement" .)

I've seen this clue in The Times.
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