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terms of prepayment

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 — USA In the case of a loan, it is a whole or partial repayment of the loan before the maturity date set out in the loan agreement. Loan agreements typically include optional prepayment provisions (where the borrower may voluntarily make a loan… …   Law dictionary

  • 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 taxes — Taxes paid in some jurisdictions (for example, France, Ireland) when dividends are made. On paying a dividend, the paying company is required to pay an amount that can be offset against its own liability to tax. The investor is usually entitled… …   Law dictionary

  • 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

  • CMBS Prepayment Terms — Summary Defeasance and yield maintenance are used to define the prepayment terms of a CMBS loan (Commercial Mortgage Backed Securities) before its maturity. Defeasance Defeasance is the substitution of collateral. Defeasance is used to calculate… …   Wikipedia

  • optional prepayment — USA A provision in loan agreements that allows the borrower to prepay all or a portion of the outstanding loans at any time before maturity. In some loan agreements optional prepayments may be subject to a prepayment penalty. For more information …   Law dictionary

  • mandatory prepayment — On a management buyout or under a loan, it is conventional for banks to require prepayment of amounts lent in certain events, for example, on the disposal of assets, change of control, insurance payments, receipts of payment under warranties… …   Law dictionary

  • constant percent prepayment — ( CPP) An expression of mortgage loan prepayments in annual terms. The single monthly mortality rate ( SMM) multiplied by 12. CPP annualizes SMM without reflecting the impact of compounding. See constant prepayment rate and single monthly… …   Financial and business terms

  • mandatory prepayment provision — USA A provision in debt instruments that requires the borrower to prepay a portion of the debt with certain proceeds if and when received before the maturity date. In leveraged loan agreements it is typical for lenders to require prepayments and… …   Law dictionary

  • Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …   Wikipedia

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