prepayment clause
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prepayment — 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
Prepayment — 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
Prepayment 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
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
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
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
'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
ИМУЩЕСТВО 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
prepay — 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
Adjustable-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
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium