This is the 14872nd most frequent Russian word.
погашение
"Погашение" means "repayment" or "extinguishing" (e.g., of debt or obligation).
Here, 'погашение' refers to the act of repaying or settling a financial loan.
Погашение кредита должно быть завершено в течение пяти лет.
The repayment of the loan must be completed within five years.
In this context, 'погашение' means extinguishing, specifically of a flame.
Погашение свечи произошло из-за ветра.
The extinguishing of the candle occurred due to the wind.
In this example, 'погашение' emphasizes early repayment of debts or obligations.