Home » Business Terms Dictionary » Prepayment Penalty

Definition Of Prepayment Penalty:

prepayment penalty The charge assessed a borrower for early repayment of a loan.
A prepayment penalty makes it less likely a borrower will refinance a loan following a drop in market rates of interest.

Other Definition Of Business Terms:

Prepayment Risk
Prerefunding
Presale
Prescriptive Right
Present Fairly
Present Value (pv)

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