prepayment

listen to the pronunciation of prepayment
English - English
Any amount paid on a loan by the borrower before it is required to be paid under the terms of the promissory note There is never a penalty for prepaying principal or interest on Direct Loans
A privilege in a mortgage permitting the borrower to make payment in advance of the due date This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan
Full payment of the principal before the due date; occurs when a property is sold or the borrower refinances the existing loan
A payment in advance
Any amount paid to reduce the principal balance of a loan before the due date Payment in full on a mortgage that may result from a sale of the property, the owner's decision to pay off the loan in full, or a foreclosure In each case, prepayment means payment occurs before the loan has been fully amortized
The borrower making payments in advance of the due date
~ The unscheduled partial or complete payment of the principal amount outstanding on a mortgage or other debt before it is due
Payment of the entire mortgage loan, or part of it, before the due date (maturity date)
A payment made by the borrower over and above the scheduled mortgage payment If the additional payment pays off the entire balance it is a "prepayment in full"; otherwise, it is a "partial prepayment " For articles on prepayment, see Paying Off Early
Payment of a mortgage before the due date
Any amount of money that is paid on a loan prior to the scheduled time-- during a deferment or grace period (if applicable) or simply an extra payment during the repayment period Usually, but not always, prepayment reduces cost and carries no penalty
A privilege in a mortgage permitting the borrower to make payments in advance of their due date without penalty
Early payment of mortgage loans by homeowners For investors in mortgage-backed bonds, prepayments pose a serious threat Refinancing triggered by falling interest rates causes increased prepayments, which can cause bonds that are mortgage-backed to be called early For the homeowner, however, prepayment provides an opportunity to save on mortgage loans See "Should I Prepay?" BACK TO TOP
A privilege in a mortgage permitting the borrower to make payments in advance of their due date To Navigation Buttons
Full or partial payment of the principal before the due date This might occur if the borrower makes extra payments, sells the property, or refinances the existing loan
the payment of all or part of a mortgage debt before it is due
payment of the mortgage loan before the scheduled due date; may be Subject to a prepayment penalty
A loan repayment made in advance of its contractual due date or payment that exceeds the minimum required amount
Paying off all or part of a loan before it is due
Payment in advance
Paying off your mortgage loan, or part of it, before the due date Many fixed rate loans forbid prepayment, charge a penalty for it, or limit the amount that you can prepay in any one year Adjustable Rate Mortgages (see Adjustable Rate Mortgage) usually allow prepayment without penalty
A privilege in a mortgage permitting the borrower to make payments in advance of their due date
Payment of the whole or part of principal amount of a mortgage loan before the due date Mortgage agreements can restrict the borrowers right of prepayment either by limiting the amount that can be prepaid in any one year or charging a penalty for prepayment
{i} advance payment, giving of money in advance (to settle a debt)
Full or partial repayment of the principal before the contractual due date
The unscheduled partial or complete payment of the principal amount outstanding on a mortgage loan or other debt before it is due
Any amount that is paid to reduce the principal balance, not interest, of a loan before the due date
prepayment right
right of a claimant to repay a debt before the pre-set date
prepayment risk
The risk that, as interest rates fall, borrowers are more likely to refinance their debts As a result, the principal on certain fixed-income securities may be paid earlier than expected, which could cause investment losses and cause prepaid amounts to have to be reinvested at a relatively lower interest rate
prepayment risk
The potential loss due to prepayment by an obligor The SPV may either pass through the prepaid amounts to investors thus resulting into faster payment of principal than expected, and reduced income over time, or if the SPV were to reinvest this money, the reinvestment may not produce rate of return as in the underlying receivables Hence, prepayment is viewed as a risk in securitizations, though sometimes, prepayment penalties may more than undo the damage
prepayment risk
The risk that when interest rates fall, mortgages will be prepaid, forcing other investors to reinvest at lower interest rates
prepayment risk
The possibility that, as interest rates fall, homeowners will refinance their home mortgages, resulting in the prepayment of GNMA securities, and possible decline in net asset values of GNMA Funds
prepayment risk
Risk that the rate which mortgages are repaid for a pool of mortgages is different than when the MORTGAGE BACKED SECURITY was purchased
prepayment risk
~ The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates
prepayment risk
The possibility that a bond owner will receive his or her principal investment back, from the bond issuer, prior to a bond's maturity date
prepayment risk
The possibility that a bond owner will receive his or her principal investment back from the issuer prior to the bond's maturity date
prepayment risk
~ The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates
prepayment risk
The risk that a bond owner will receive his or her principal investment back from the issuer prior to the bond's maturity date
prepayment risk
Uncertainty faced by mortgage investors regarding early payment of mortgage principal and interest
prepayment risk
The risk that falling interest rates will lead to heavy prepayments of mortgage or other loans-forcing the investor to reinvest at lower prevailing rates
prepayment risk
The risk that a pass-through issue will have an adverse pattern of prepayments
prepay
To pay in advance, or beforehand; as, to prepay postage
prepay
to pay for something before you need it or use it
prepay
{f} pay in advance, give money in advance (to settle a debt)
prepay
pay for something before receiving it
prepayments
plural of prepayment
prepayments
a privilege in a mortgage permitting the Borrower to make payments in advance of their due date without penalty
prepayments
Something you have paid in advance of the liability arising For instance, you may pay telephone rentals quarterly in advance
prepayments
advance payments of expenses such as insurance and taxes, often into an escrow account
prepayments
Payments made in excess of scheduled mortgage principal repayments
prepayment
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