See Also: Prepayment penalty(finance)
Prepayment Penalty(money)
Prepayment risk(finance)
Prepayment speed(finance)
PSA prepayment rate(finance)
Zero prepayment assumption(money)
Prepayment Clause(money)
Prepayment speed(money)
FHA prepayment experience(finance)
FHA prepayment experience(money)

Prepayment Penalty (money)


Definition: Clause in a lending agreement which penalizes the borrower for early payment, before maturity.

Definition: [crh] A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.