Business and Personal Finance Dictionary

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• PREPAID EXPENSES OR PREPAIDS - The term used to describe the funds the Lender requires to be deposited ...
  
  
• PREPAID FINANCE CHARGE - Certain charges made in connection with the loan and which must be paid upon c...
  
  
• PREPAID INTEREST - This is the amount of interest you owe from the day your loan funds to the end of th...
  
  
• PREPAID ITEMS - On a closing statement, items that have been paid in advance by the seller, such as ins...
  
  
• PREPAID TUITION PLANS - Offered through 529 programs and individual colleges, allow parents to lock in ...
  
  
• PREPAIDS - Expenses that are capitalized as assets on a firm's financial statements because they will b...
  
  
• PREPARATION CHARGES - An additional charge that dealers try to impose on buyers. It represents pure pro...
  
  
• PREPAYMENT - Any amount paid to reduce the principal balance of a loan before the due date. Payment in ...
  
  
• 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...