prepayment

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Related to Pre-Payment: Prepayment penalty

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 ?
0 million non-recourse floating rate interest-only loan that features a 24-month term with one extension option, flexible pre-payment, and is inclusive of a facility to provide for capital expenditures, leasing costs, and interest and carry reserves.
Following the pre-payment, the remaining outstanding principal of the Cyprus borrowers now amounts to US$16.
The safeguard tariff is aimed at protecting pre-payment meter customers - primarily those on poor- value standard variable tariffs - from paying too much for their energy.
The notification comes as some banks are charging pre-payment penalty of up to 2 percent of the outstanding loans.
To help keep these bills down, SSE is continuing to protect pre-payment meter customers from the higher fixed costs associated with the technology by applying the same PS100 per fuel standing charge that applies to other customers.
The National Housing Bank (NHB), which regulates the nonbanking housing finance companies, has asked them not to charge pre-payment penalty on a dual rate loan, after the same has been converted into a floating rate loan.
In November, SBI was the first bank to do away with pre-payment penalty on floating and fixed rate loans.
Erongo RED reserves the right to refuse any application considered not suitable for the 20A Pre-Payment Step tariff as well as to increase the circuit breaker size if it is found that the installed unit continues to trip more than twice during a week, the distributor said.
A PENSIONER was sent a gas bill for nearly pounds 26,000 - even though he pays for his fuel on a pre-payment meter.
4 million people have been without energy in the past year because they have not paid their pre-payment meter, a watchdog said today.
The probe is over claims that some suppliers have charged customers different amounts based on where they live or over-charged people who use pre-payment meters.