prepayment :

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prepayment

pree pay muhnt

  • n  payment in advance

  • The solution proposed: prepayment through voluntary insurance plans.
  • The argument about prepayment penalties making the loans more attractive to investors is legit, though.
  • But no joiner may "blow himself to Puffdom and other exalted ranks" by prepayment or overpayment of dues.
News & Articles

Quotes

  • Alistair Darling in Reuters UK
    We want to see the 5 million customers on prepayment meters given a fairer deal and energy companies to increase their support to vulnerable customers,Darling told parliament.
  • Ben Bernanke in Washington Post
    Such products could be designed to avoid or mitigate the risk of prepayment shock and to be more transparent with respect to their terms,Bernanke wrote in the letter, which was dated Monday.
  • Barney Frank in Forbes
    In an e-mailed statement, Frank said the short-term increase would be "responsive to the immediate needs to help people avoid the foreclosures that will result if prepayment penalties keep them locked in to adjustable-rate mortgages that will rise...

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