英语词汇“prepayment privilege”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

单词	prepayment privilege
释义	prepayment privilege Prepayment Privilege The right of a borrower to repay a debt in full before it is due. The prepayment privilege is favorable to the borrower because it relieves him/her of the debt, but it deprives the lender of interest that he/she would have received otherwise. However, some lenders offer the prepayment privilege to encourage potential borrowers to borrow from them instead of their competitors. prepayment privilege See prepayment clause.
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prepayment privilege