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Prepayment penalty

• Refers to a cost which may be charged against a borrower in the event of a prepayment.

 
 Embedded terms in definition
 Event
Prepayment
 
 Related Terms
 Fha prepayment experience
Penalty bid
Prepayment
Prepayment option
Prepayment risk
Prepayment speed
Prepayment window
Psa prepayment
Zero prepayment assumption

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If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack. - Winston Churchill, Sir (1874-1965)

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