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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.
Freddie Mac has also created a consumer information guide on prepayment penalty mortgages that can be found at www.
The main advantage of the sliding scale prepayment penalty structure is that the penalties are simplistic, easy for most people to understand and, unlike some of the prepayment penalty schemes we will describe later, can be calculated with a minimum of arithmetic.
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.
6%) of which can prepay provided a flat percentage prepayment penalty or yield maintenance is paid.
Although the original loan had six years remaining to maturity, the alignment of the short-term and long-term treasury rates made prepaying the loan very beneficial to the borrower despite the large prepayment penalty," said Fisher.
98% and featured a 30-year amortization schedule and step-down prepayment penalty structure.