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Term of the Day
prepay
make whole provision
targeted amortization class
Definition
verb
to
pay
something in
advance
(
Note
prepaying - prepaid
)
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Popular 'Banking' Terms
negotiable
letter of credit
bank draft
bank
commercial bank
account
overdraft protection
compound interest
overdraft
lockbox
Related Terms
make whole provision
targeted amortization class
Mentioned in these terms
prepayment speed
constant percent prepayment (CPP)
dealer median prepayment speed
prepayment
partial prepayment
prepayment privilege
prepayment model
prepayment penalty
conditional prepayment rate (CPR)
prepayment risk
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