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tr.v. pre·paid, pre·pay·ing, pre·pays
To pay or pay for beforehand.

pre·pay′ment n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.prepayment - payment in advance
defrayal, defrayment, payment - the act of paying money
دَفْع الأجْرَة مقدَّما
platba předem
elõre fizetés
platba vopred
önceden/peşin ödeme


[ˈpriːˈpeɪmənt] Npago m por adelantado, pago m anticipado



(priːˈpei) past tense, past participle ˌpreˈpaid verb
to pay in advance.
ˌpreˈpayment noun
References in periodicals archive ?
Excluding the net FHLB prepayment penalty, net income for 2014 would have been USD16.
Even though the high-risk applicant can reduce his prepayment penalty by switching to the other mortgage deal (lower penalty, higher interest rate), he will end up paying the higher interest rate.
com states that a prepayment penalty is considered abusive when a prepayment is not only hidden in fine print, but when a prepayment penalty on the original mortgage (which often equals 5 percent of the original loan) is so high that it eats up any and all equity that a homeowner has built into the house, often leaving him or her owing more money.
In exchange for a borrower accepting the prepayment penalty, an investor will often accept a lower interest rate on the mortgage.
The addition of prepayment penalty compliance to ConformX will allow users to have updated prepayment penalties automatically added to the loan.
A prepayment penalty is a fee charged by a lender when a borrower pays a designated amount of mortgage debt prior to the due date.
Freddie Mac has also created a consumer information guide on prepayment penalty mortgages that can be found at www.
A sliding scale prepayment penalty schedule, also called the graduated prepayment or, more appropriately, the declining percentage prepayment, is easiest to understand: the borrower is required to pay the lender a certain percentage of the amount being prepaid as a penalty.
The OTS reinterpreted the Act in 1996 to allow unregulated finance companies to claim the prepayment penalty and late fee preemption.
All other loans are free to prepay with applicable prepayment penalty or yield maintenance charges.
That means examining loans that are coming due in both the short and the medium term, and refinancing multiple properties, even if it means paying a prepayment penalty for the right to get out of existing debt.
7 million against 1993 fourth quarter earnings, representing a prepayment penalty and unamortized costs associated with the debt.