Difference between revisions of "Prepayment"
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'''Prepayment''' denotes the act of exercising an option to repay funds received earlier than the nominal required (scheduled) repayment date. | '''Prepayment''' denotes the act of exercising an option to repay funds received earlier than the nominal required (scheduled) repayment date. | ||
| − | + | Prepayment may also mean for example a payment in advance (prior to maturity) of all or part of the purchase price of the receivables assigned (the balance being paid when the debt is paid by the buyer). It is the repayment of a loan or financial obligation before its maturity date or the payment in advance for products or other contractual liability. | |
== See Also == | == See Also == | ||
* [[Prepayment Risk]] | * [[Prepayment Risk]] | ||
* [[Prepayment Speed]] | * [[Prepayment Speed]] | ||
| − | |||
== Disclaimer == | == Disclaimer == | ||
| Line 13: | Line 12: | ||
[[Category:Loans Events]] | [[Category:Loans Events]] | ||
| + | [[Category:Prepayment Risk]] | ||
| + | [[Category:Credit Life Cycle]] | ||
{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansTemporal/LoansEvents/index-en.html }} | {{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/LOAN/LoansTemporal/LoansEvents/index-en.html }} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Latest revision as of 18:53, 2 March 2023
Definition
Prepayment denotes the act of exercising an option to repay funds received earlier than the nominal required (scheduled) repayment date.
Prepayment may also mean for example a payment in advance (prior to maturity) of all or part of the purchase price of the receivables assigned (the balance being paid when the debt is paid by the buyer). It is the repayment of a loan or financial obligation before its maturity date or the payment in advance for products or other contractual liability.
See Also
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.
