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prepayment
(redirected from Prepayment penalty)

   Also found in: Medical, Financial, Acronyms, Wikipedia 0.01 sec.
pre·pay  (pr-p)
tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.

pre·payment n.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.prepayment - payment in advance
defrayal, defrayment, payment - the act of paying money
Translations
prepayment [ˈpriːˈpeɪmənt] Npago m por adelantado, pago m anticipado
prepayment


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NorthMarq negotiated with the existing lender to discount the prepayment penalty to effectuate the recasting of the loan.
Although, be careful on refinancing mid-mortgage loan term, prepayment penalties come with a few mortgage loans, so if you have a prepayment penalty on your mortgage loan, get in touch with your loan officer ahead of you initiate the refinancing procedure.
They are effectively charging a prepayment penalty to meter users every month.
 
 
 
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