Business and Personal Finance Dictionary

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• PREPAYMENT OR PREPAYMENTS - (1) noun — A term used to describe loan or bond principal payments that are...
  
  
• PREPAYMENT PENALTY - The amount set by the creditor as a penalty to the debtor for paying off the debt ...
  
  
• PREPAYMENT PENALTY MORTGAGE (PPM) - A type of mortgage that requires that the borrower pay a prepayment...
  
  
• PREPAYMENT PLAN - Similar to a biweekly mortgage, but operated by a third party. In it, the borrower pa...
  
  
• PREPAYMENT PREMIUM - Money charged for an early repayment of debt. Prepayment premiums are allowed in s...
  
  
• PREPAYMENT PRIVILEGE - The right of the borrower to pay out all or part of the outstanding principal be...
  
  
• PREPAYMENT PRIVILEGE(S) - The right to repay periodically more than the scheduled principal payment. Hi...
  
  
• PREPAYMENT RATE - A representation that reflects the rate at which prepayments are received or forecast...
  
  
• PREPAYMENT RIGHTS - Rights given to the borrower to make partial or full payment of the total principal...
  
  
• PREPAYMENT RISK - Is the potential loss related to an early retirement of debt. The risk tends to be mo...