Exchange Currency

prepayment privilege

A clause in some loans allowing the borrower to pay off the debt prior to its due date without incurring a penalty. This is an advantage for a borrower when interest rates are falling, since he/she can pay off the existing loan and then refinance at a more favorable rate. also called prior redemption privilege.

Related information about prepayment privilege:
  1. Prepayment Privilege Definition | Investopedia
    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 ...
     
  2. What is prepayment privilege? definition and meaning
    Definition of prepayment privilege: A clause in some loans allowing the borrower to pay off the debt prior to its due date without incurring a penalty. This is an ...
     
  3. prepayment privilege - Financial Dictionary - The Free Dictionary
    The right of a borrower to repay a debt in full before it is due. The prepayment privilege is favorable to the borrower because it relieves him/her of the debt, but it ...
     
  4. Prepayment penalty - The Free Dictionary
    Prepayment of Premiums · prepayment option · Prepayment penalties · Prepayment penalties · Prepayment penalties. Prepayment penalty. prepayment privilege ...
     
  5. ORS 86.150 - Loan agreements and promissory notes to state ...
    Loan agreements and promissory notes to state maximum prepayment privilege penalty. (1) Any person making a loan having a loan period of more than three ...
     
  6. Payment of insurance premiums or charges; prepayment privilege.
    Apr 1, 2012 ... (a) Payment of periodic insurance premiums or charges. Except with respect to mortgages for which a one-time mortgage insurance premium is ...
     
  7. Prepayment Privilege.
    What does the term prepayment privilege mean, and description of its types.
     
  8. privilege - Dictionary, translation, definition - Reverso
    suspension of banking privilege. n. interdiction bancaire. prepayment privilege. n. droit de paiement anticipé. pre payment privilege. n. droit de paiement anticipé ...