early amortization


Accelerated payment of principal in an asset-backed security. This is availed of in order to protect the issuer from the liquidity problems of the debtor. The early payment is also done when the issuer's net profit after deducting fees and costs are below acceptable levels.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
early early closing day