Home > Terms > English, UK (UE) > Prepayment penalty
Prepayment penalty
A fee charged to a borrower who pays a loan in full before the stated due date.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Real estate
- Category: General
- Company: Coldwell Banker
- Product:
- Acronym-Abbreviation:
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