Prepayment Penalty

A "prepayment penalty" is a fee imposed by a lender in the event a loan is paid off before its maturity dates. The prepayment penalty clause must be included within the loan documents. Not all loans have a prepayment penalty clause.

Top Searched Terms

Adjustable-Rate Mortgage
Bond Yield
Durable Power of Attorney for Healthcare
EBITDA
ETF
FICO Score

Foreclosure
Jumbo CD
Like-Kind Property
Mutual Fund
P/E Ratio
Probate

Top Finance Articles

What Is a Joint Tenancy with Right of Survivorship (JTWROS)?
Are Occasional Drivers Covered On Your Insurance Policy?
The Inspection Contingency Clause in a Real Estate Purchase Contract
Ordinary Income vs. Capital Gains
How Long Do I Have to Roll Over My 401(k) after Leaving My Company?
All Personal Finance Articles

Question & Answers

What is an Employee Stock Plan?

What Is Return on Equity (ROE)?
What is Factiva?
What Is a Stock Split?

Quizzes

Hundreds of Investing & Finance Quizzes, Including

Mortgage Basics
Taxes
Estate Planning

Word of the Day

Venture Capital Funds

"Venture capital funds" refer to funds which pool and manage money from investors...

Personal Finance Answers categories Why search the Web, when you can go straight to the best.

401(k) & IRAs
Annuities
Attorneys
Banks
Bonds
Buying Your Home
Car Financing
Careers
Child Care
College Savings

Company Research
Credit Cards
Credit Reports
Currency/Foreign Exchange Trading
Employee Stock Plans
Estate Planning
Government
Health Care
Identity Theft
Insurance

Internet Resources
Investing
Loans
Mortgages
Mutual Funds
Owning Your Home
Paying for College
Real Estate Investing
Retirement
Saving Money

Savings/Credit
Selling Your Home
Social Security
Stock Brokers
Stocks
Student Loans
Taxes
Traveling Abroad

Prepayment Penalty

What is an Employee Stock Plan?

Hundreds of Investing & Finance Quizzes, Including

Venture Capital Funds

Newsletter