FT MarketWatch

Prepayment penalty

A Penalty sometimes charged to a borrower who makes a Prepayment.

Related Terms: 5 Borrow, Charge, Owe, Penalty, Prepayment
Other Related Pages: Category: Lending_and_Credit Starting With: P
Additional Related Terms: 10-K, All or any part, Action to quiet title, Assignment to creditors, A shares, Back pay, Bid-to-cover ratio, Balloon payment, Borrow, B shares