A provision in a deed of trust or note that allows the borrower to pay off the principal before it is due, either all or in part, with or without a prepayment penalty.
Related information about prepayment clause:
- Prepayment Clause: Definition from Answers.com
Clause in a bond or mortgage that gives the borrower the privilege of paying the mortgage indebtedness before it becomes due.
- What is prepayment clause? - BusinessDictionary.com
Definition of prepayment clause: Provision in some loan agreements under which a borrower may pay off (retire) a loan ahead of the schedule, without incurring ...
- prepayment clause - Financial Dictionary - The Free Dictionary
The right of a borrower to repay a debt in full before it is due. The prepayment privilege is favorable to the borrower because it relieves him/her of the debt, but it ...
- What is prepayment clause? - InvestorWords.com
Definition of prepayment clause: A provision in a deed of trust or note that allows the borrower to pay off the principal before it is due, either all or in part, with or ...
- prepayment clause - Business Definition
prepayment clause definition: A provision in a loan agreement that allows the borrower to repay a loan ahead of schedule, although a penalty may apply....
- Prepayment Penalty Clause Dispute
My prepayment clause says that SOMETHING is: the total of my prepayment(s) during the twelve (12) month period immediately preceding the ...
- Financing: Prepayment clause - Trulia Voices
Oct 9, 2009 ... Prepayment clause Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information.
- Prepayment Clause Law & Legal Definition
Prepayment clause is a loan-document provision that permits a borrower to satisfy a debt before it is due date. It is a clause in a bond or mortgage that gives the ...