prepayment of debt

См. также в других словарях:

• Prepayment — is early repayment of a loan by a borrower. In the case of a mortgage backed security (MBS), prepayment is perceived as a risk, because mortgage debts are often paid off early in order to incur lower total interest payments through cheaper… …   Wikipedia

• prepayment penalty — A fee imposed on a borrower who pays off a loan (usually a mortgage) before its due date. Lenders impose this kind of fee to encourage borrowers to hold a debt and keep paying interest on it for the whole term of the loan. Category: Bankruptcy,… …   Law dictionary

• prepayment — or prepayments (1) noun A term used to describe loan or bond principal payments that are made in excess of the scheduled principal payments and before maturity. Any amount paid to reduce the principal before the due date or in excess of the… …   Financial and business terms

• prepayment premium — USA Also known as make whole penalty or prepayment penalty. A penalty assessed against a borrower who elects to pay off a debt before its maturity date. This amount can potentially be quite significant. Practical Law Dictionary. Glossary of UK,… …   Law dictionary

• Prepayment Privilege — The right given to a debt holder to pay all or part of a debt prior to its maturity or ahead of schedule, usually without risk of penalty. Prepayment privileges are often elements of such debts as mortgages or automobile loans. They are in… …   Investment dictionary

• Prepayment Model — A model used to estimate the level of prepayments on a loan portfolio that will occur in a set period of time, given possible changes in interest rates. Prepayment models are based on mathematical equations and usually involve the analysis of… …   Investment dictionary

• prepayment — Payment of debt obligation or expense before it is due @ prepayment clause Provision in mortgage or note giving borrower right to pay off the indebtedness before it becomes due. See also prepayment penalty @ prepayment penalty A penalty under a… …   Black's law dictionary

• Prepayment — 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. 1. Examples include deferred expenses such as rent and early loan repayments. 2. Mortgage pass through securities are prone… …   Investment dictionary

• debt service — Synonyms and related words: acquitment, acquittal, acquittance, amortization, amortizement, binder, cash, cash payment, clearance, defrayal, defrayment, deposit, disbursal, discharge, doling out, down payment, earnest, earnest money, hire… …   Moby Thesaurus

• prepayment — pre pay·ment || ‚prɪː peɪmÉ™nt n. advance payment, giving of money in advance (to settle a debt) …   English contemporary dictionary

• prepayment right — right of a claimant to repay a debt before the pre set date …   English contemporary dictionary