prepayment clause

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.]

---

词条贡献者

资深译员Michael，国内知名法学院法律翻译专业，擅长翻译各类与劳动诉讼相关的法律文件。