| 单词 | prepayment |
| 释义 | prepayment prepayment1. The settlement of a debt before it is due, for example by the early repayment of a mortgage. prepayment risk The risk associated with early payments of obligations. A prime example is the risk that a borrower will repay a fixed-rate mortgage early at a time when interest rates are falling, leaving the lender with a lower interest income than anticipated. To offset this risk, lenders sometimes impose a prepayment penalty on loans. |
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