Word.ws English Dictionary

prepayment penalty

prepayment penalty noun: an additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.

Noun

prepayment penalty (plural prepayment penalties)

  1. An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.
    • Prepayment penalties can be viewed as a necessary supplement to the escalating-payments feature: If borrowers prepay before the end of the low-rate introductory period and thus avoid the high post-reset rates, then the escalating-payments feature becomes moot.2012, Oren Bar-Gill, Seduction by Contract

prepayment penalty meaning in Tamil

prepayment penalty in Tamil

முற்கொடுப்பனவுத் தண்டம்

Forms of prepayment penalty

pluralprepayment penalties
alternative formpre-payment penalty

Questions about prepayment penalty

What does prepayment penalty mean?
Prepayment penalty means an additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.
What is prepayment penalty in Tamil?
Prepayment penalty in Tamil is முற்கொடுப்பனவுத் தண்டம். See Prepayment penalty meaning in Tamil.
What part of speech is prepayment penalty?
Prepayment penalty is a noun.
What is the plural of prepayment penalty?
The plural of prepayment penalty is prepayment penalties.

Words near prepayment penalty in the dictionary

  1. prepayer
  2. prepayers
  3. prepaying
  4. prepayment
  5. prepayment penalties
  6. prepayment penalty
  7. prepayments
  8. prepays
  9. prepd
  10. prepd.
  11. prepectoral

Source and license

Adapted from Wiktionary: prepayment penalty (page history and authors); prepayment penalty (Tamil Wiktionary) (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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