Prepayment Penalty, Glossary and Terms, Depository Institutions & Credit Unions

U.S Depository Institutions List of United States Depository Institutions, Credit Unions, Guide Service

"Prepayment Penalty"

Fee paid by borrower if a loan is paid off in advance. It is intended to compensate the lender for loss of income in future years.

Depository glossary and terms by letter

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