A charge assessed against a borrower who elects to pay off a loan before it is due. [Cases: Bills and Notes 429; Usury 61. C.J.S. Bills and Notes; Letters of Credit §§ 100, 234–236, 238; Interest and Usury; Consumer Credit § 172.]
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prepayment penalty 提前还款罚款 选择在债务未到期时提前还款的债务人为此所支付的罚款，以补偿贷款人的利息损失。
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prepayment clause. A loan-document provision that permits a borrower to satisfy a debt before its due date, usu. without paying a penalty. [Cases: Bills and Notes 129, 429. C.J.S. Bills and Notes; Letters of Credit §§ 86–89, 91–100, 234–236, 238.]
prepayment clause 提前还款条款 借据、抵押或信托契据的条款，约定借款人有权在到期前返还借款，通常不需为此支付罚款。 (→prepayment penalty)