prepayment

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prepayment

[-pā′mənt]
Etymology: L, prae + pacere, to pacify
the payment in advance for health care services by subscribers to a third-party insurance program.
References in periodicals archive ?
They stick to this schedule as long as pre-payments stay in some broad range (for example, 50 to 350 percent PSA [see box]).
TACs offer a similar sort of protection, but only against pre-payments rising.
The model assumes that pre-payments start at zero at the beginning of the mortgage and rise linearly to 6 percent at 30 months [ILLUSTRATION FOR FIGURE 2 OMITTED], where they remain constant until the end, at 360 months.
But the pre-payment effect makes CMOs work somewhat differently.
PENN:Nasdaq) announced today that it made a pre-payment of $10.
This one-time non-cash charge effectively defers previously recognized net up-front royalty pre-payments.
By offering a variety of lending products, FMAC borrowers can mix and match a structure that best meets their needs on a case-by-case basis while benefiting from level payments, fewer covenants, lower rates and flexible pre-payments for floating rate, portfolio loans.
Pre-payments of the debt will be based on a formula that takes into account excess cash flow and proceeds of any asset dispositions.
5 million to CBC as pre-payment of LMA (Local Marketing Agreement) fees, pursuant to which Radio Uncia will continue to operate CBC's New York radio station and with an additional $500,000 LMA pre-payments, subject to receipt of Hart-Scott-Rodino approval, will operate the Phoenix and Dallas radio stations for two years or until closing, whichever occurs first.
There are no credit checks, no application forms to fill out and no pre-payments or passwords needed.

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