Definitions for "Pre-payment"
Keywords:  penalty, schedule, advance, ahead, date
The buyer pays the seller for the goods prior to shipment.
Payment of mortgage loan, or part of it, before due date. Mortgage agreements often restrict the right of prepayment either by limiting the amount that can be prepaid in any one year or charging a penalty for prepayment. FHA loans may be prepaid.
An advance payment on a mortgage or a payment that is made before its contractual due date.
Keywords:  tenure, partial, repayment, full, end
Partial or full repayment of the loan before the end of the tenure.
An arrangement in which a contractor agrees to provide health care services for a prospective, predetermined, periodic, fixed subscription premium.