Difference between revisions of "Loan Prepayment Terms Set"

From Open Risk Manual
(Initial Entry)
 
 
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== Issues and Challenges ==
 
== Issues and Challenges ==
Terms so far are mortgage specific but there must in principle be terms governing early payments on other types of loan. This also governs an important collective metric in loan pools (Loan speed).
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Terms might be mortgage specific
  
 
== Disclaimer ==
 
== Disclaimer ==
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[[Category:Loan Basic Terms]]
 
[[Category:Loan Basic Terms]]
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[[Category:Prepayment Risk]]
  
 
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/LOAN/Loans/LoanBasicTerms/index-en.html }}
 
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/LOAN/Loans/LoanBasicTerms/index-en.html }}
  
 
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Latest revision as of 13:30, 1 December 2022

Definition

Loan Prepayment Terms Set. Terms governing prepayments of the principal on a loan by the borrower.


Issues and Challenges

Terms might be 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.