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 

• PREPAYMENT CLAUSE - A condition written into a mortgage that gives a borrower the privilege of paying o...
  
  
• PREPAYMENT ESTIMATE - A reasonable and supportable forecast of loan prepayments. In the case of a mortg...
  
  
• 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...