Loan Ongoing Prepayment Terms

From Open Risk Manual

Definition

Loan Ongoing Prepayment Terms. Terms governing prepayments of the principal on a loan by the borrower throughout the life of the loan.

Issues and Challenges

Some definitions are mortgage specific

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.