The payment of all or part of a debt prior to its due date.
Related information about prepayment:
- Prepayment - Wikipedia, the free encyclopedia
Prepayment may refer to: Prepayment for service, e.g. phone calls; Prepayment of loan, repaying a loan ahead of schedule; Deferred expense in accounting ...
- Prepayment Definition | Investopedia
1. The payment of a debt obligation prior to its due date.2. The excess payment over a scheduled debt repayment amount.
- FinAid | Loans | Prepayment
Prepayment can save you money by paying off your loan earlier and by reducing the total interest paid over the lifetime of the loan. Since the loan balance is ...
- Mortgage Prepayment Penalties - Mortgage Professor
Oct 12, 2001 ... What Is a Mortgage Prepayment Penalty? A prepayment penalty is a provision of your contract with the lender that states that in the event you ...
- prepayment - definition of prepayment by the Free Online Dictionary ...
tr.v. pre·paid, pre·pay·ing, pre·pays. To pay or pay for beforehand. pre·pay ment n. ThesaurusLegend: Synonyms Related Words Antonyms. Noun, 1. prepayment ...
- Prepayment - Financial Dictionary - The Free Dictionary
The payment of a debt in full before it is due. Prepayment is good for the borrower because it relieves him/her of the debt, but it deprives the lender of interest ...
- What is prepayment? definition and meaning
Definition of prepayment: The payment of all or part of a debt prior to its due date.
- Prepayment/Mortgage Reduction Calculator
This calculator is for illustrative purposes only. We do not guarantee that calculations are accurate. Always consult your accountant or a professional advisor ...