Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• PRE-PAYMENT PENALTY - A fee charged to a borrower who pays off a loan before it is due. There is no pre...
  
  
• PRE-PETITION - occurring before the filing of a bankruptcy petition.
  
  
• PRE-QUALIFICATION - A request by a prospective loan applicant for a preliminary determination of whethe...
  
  
• PRE-QUALIFICATION LETTER - A letter from a mortgage lender that states that you're pre-qualified to buy...
  
  
• PRE-QUALIFY - A lender informally determines the maximum amount an individual is eligible to borrow.
  
  
• PRE-REFUNDED - See Advanced Refunding.
  
  
• PRE-REFUNDING (PRE-RE) - The sale of bonds used to obtain funds that are then placed in escrow to back ...
  
  
• PRE-SALE ORDER - Refers to an order placed with a syndicate prior to the winning of the municipal issue...
  
  
• PRE-SOLD HOME - A house that has been sold before it is built. The opposite of a house built on spec.
  
  
• PRE-SOLD ISSUE - An issue that is sold out before the coupon announcement.