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 ?
One of the main attractions of the direct prepayment strategy is its simplicity.
When introduced in May 1997, the model was the industry's first prepayment model constructed using loan-level data extracted from mortgage servicing tapes.
The exposure draft further proposed that companies use the retrospective method to account for the effects of changes in prepayment estimates or actual prepayment experience.
Prepayment Shock: Negative Prepayment Trends in Prime Auto ABS' is available at 'www.
Executives feeling secure because financial hedging lessens the financial severity of prepayments miss the point.
Some market participants who thought that the subprime market was generally immune from the effects of prepayments were surprised by the events of late 1997.
The proposal also would require the effective yield to be recalculated and the carrying amount of the investment adjusted if actual cash flows and estimates of future cash flows change as a result of prepayments.
The court analyzed cases involving prepayments and concluded that there was no support for widespread existence of a one-year rule.
This article discusses several major aspects of prepayments using the three-month conditional prepayment rate (CPR) for conventional mortgage loans as of the end of May 1996.
Payments on the Net Interest Margin Trust certificates are affected by both losses and prepayments on the underlying manufactured housing contracts.
The issuer's assets consist of only high-credit-quality monetary assets for which prepayments are both probable and their timing and amounts are reasonably estimable.
Since 2004, the company has made a total of $320 million in prepayments on its senior secured term loan, with $215 million of that total from the net cash proceeds of two divestitures and the remainder from operating cash flow.