Prepayment Privilege

Concept of Prepayment Privilege in the context of Real Property

A short definition of Prepayment Privilege: The right to prepay a loan without penalty, either in full or in part. See also: Lock-in; Or More Clause; Prepayment Penalty.

Concept of Prepayment Privilege in the context of Real Property

A short definition of Prepayment Privilege: The right to prepay a loan without penalty, either in full or in part. See also: Lock-in; Or More Clause; Prepayment Penalty.