from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A payment in advance.
from the GNU version of the Collaborative International Dictionary of English
- n. Payment in advance.
from The Century Dictionary and Cyclopedia
- n. The act of paying beforehand; payment in advance, as of postage or rent.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. payment in advance
Sorry, no etymologies found.
I never worked in this area but prepayment is one of the factors that goes into the value of a mortgage security -- a pool with many prepayments will have a different value than an identical pool with a different prepayment record.
The Center for Responsible Lending analyzed the Rose study and concluded that it was likely of little value due to the small number of loans and limited geographic area reviewed , omission of key variables such as housing prices and unemployment rates and limit of study to rare long term prepayment penalty features.
Two of them having inspected our loads and having received the required number of khatas in prepayment for their services, returned next morning with an insufficient number of camels, and one of those they did bring could not carry a heavy load.
But the wealthy Egyptian more commonly provided for the future of his Ka by bequeathing a portion of his estate to the priesthood, in prepayment for sepulchral meals in perpetuity.
Long-term prepayment transferred to property, plant and equipment 439,777 -
"Considering these near-term prepayment receipts and our plan to sign at least one more supply agreement, we feel the (equity distribution agreement) is no longer the appropriate financing tool for Hoku," Chief Executive Dustin Shindo said in a statement.
One of the few bright spots in ObamaCare—added to attract Republican votes, to no avail—was an increase in antifraud efforts, especially with regard to what's known as prepayment claims review.
And they come to find out that buried in all of the fine print was what was called a prepayment penalty.
Then you have this really unfortunate technique called prepayment penalties.
Not knowing that buried in all of that fine print is what's called a prepayment penalty, which triggers a higher interest rate.