prepayment clause

  • 1prepayment — Payment of debt obligation or expense before it is due @ prepayment clause Provision in mortgage or note giving borrower right to pay off the indebtedness before it becomes due. See also prepayment penalty @ prepayment penalty A penalty under a… …

    Black's law dictionary

  • 2Prepayment — is early repayment of a loan by a borrower. In the case of a mortgage backed security (MBS), prepayment is perceived as a risk, because mortgage debts are often paid off early in order to incur lower total interest payments through cheaper… …

    Wikipedia

  • 3Prepayment Penalty — A clause in a mortgage contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. The penalty is usually based on percentage of the remaining mortgage balance or a certain number of months worth of… …

    Investment dictionary

  • 4yank the bank clause — A clause in a facility agreement which gives the borrower the right to pay off a dissenting member of the lending syndicate. Typically the borrower will not pay a prepayment premium but will pay all accrued interest, fees, costs, expenses and… …

    Law dictionary

  • 5yank-the-bank clause — A clause in a facility agreement which gives the borrower the right to pay off a dissenting member of the lending syndicate. Typically the borrower will not pay a prepayment premium but will pay all accrued interest, fees, costs, expenses and… …

    Law dictionary

  • 6yank the bank clause — A clause in a facility agreement which gives the borrower the right to pay off a dissenting member of the lending syndicate. Typically the borrower will not pay a prepayment premium but will pay all accrued interest, fees, costs, expenses and… …

    Law dictionary

  • 7'yank the bank' clause — A clause in a facility agreement which gives the borrower the right to pay off a dissenting member of the lending syndicate. Typically the borrower will not pay a prepayment premium but will pay all accrued interest, fees, costs, expenses and… …

    Law dictionary

  • 8ИМУЩЕСТВО НЕДВИЖИМОЕ — REAL ESTATE, REALTYИ.н. включает в себя землю, постройки и сооружения, постоянно находящиеся на нейИ.н. неюридический термин понятия недвижимая собственность (real property), включающего землю, здания и связанные с их использованием постройки и… …

    Энциклопедия банковского дела и финансов

  • 9prepay — pre·pay /prē pā/ vt pre·paid, pre·pay·ing: to pay or pay the charge on in advance (as of date due or maturity date) no penalty for prepay ing your student loan pre·pay·ment n Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …

    Law dictionary

  • 10Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …

    Wikipedia