Definitions from Wiktionary (prepayment penalty)
▸ noun: An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.
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▸ noun: An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.
Similar:
penalization,
prepay,
penalisation,
deferred payment,
penalties,
surcharge,
debt service,
overpayment,
insurance premium,
copayment,
more...
▸ Words similar to prepayment penalty
▸ Usage examples for prepayment penalty
▸ Idioms related to prepayment penalty
▸ Wikipedia articles (New!)
▸ Words that often appear near prepayment penalty
▸ Rhymes of prepayment penalty
▸ Invented words related to prepayment penalty