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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 ?
SoFi has announced it has refreshed its mortgage offering as SoFi Home Loans, complete with a reengineered process that helps people buy or refinance a home with an online application, no hidden fees, or prepayment penalties, the company said.
Under the terms of the agreement, Synergy will be required to repay principal and pay prepayment penalties in an amount equal to $38M-$51M if total net sales fall within the expected range noted above.
Another way in which the 7A program provides businesses with financial flexibility is the way in which prepayment penalties are structured.
The Lenders charged a 0.5% commitment fee and the loans have sliding scale prepayment penalties:
Apply for a collateralized (consumer) loan from a lender who does not charge prepayment penalties as prohibited by the Consumer Act of the Philippines (Republic Act 7394).
A portion of the decrease in yield is due to the impact of decreased prepayment penalties. Absent prepayment penalties, the yield on the loan portfolio decreased 32 basis points over the periods.
With no prepayment penalties, the Citizens Bank Education Refinance Loan provides borrowers with the potential of a single monthly private student loan payment refinancing a variable rate into a fixed-interest rate loan and potentially lowering the interest rate and/or lowering the borrower's monthly payment, said Coughlin.
Webinar leaders said determining what triggers a HOEPA loan can be complex and includes points and fees, Annual Percent Rate versus Average Prime Offer Rate and prepayment penalties determined by fairly complex requirements.
In April, the Reserve Bank of India ( RBI) asked banks to stop levying foreclosure fees and prepayment penalties on floating rate home loans.
Many loan terms include prepayment penalties. Calculating their effect can be tricky because they come into play only if you need to pay off the loan before its natural expiration date.
The statement added that banks would be free to recover/ charge appropriate prepayment penalties in the case of fixed rate loans.