Private or state run funds that allows adults to save up for their heir’s future education at the today’s lower tuition costs.

In anticipation of a future event, preparation helps to make something ready to be utilized.

A guaranty made by a financial institution that assures the secureness of the prepayments made to a contractor.

A Clause in some loan agreements that allows borrowers to settle the loan amount before the end of the loan term and not incur any prepayment penalties.

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

A penalty imposed on the borrower for the complete settlement of the loan before the expected payoff date. It is means of compensation for the lender as the potential interest income is

The prepayment privelege or right is the authority given to the borrower to settle the principal balance before the payoff date, without incurring a penalty.

The risk associated with a fall in interest rates that is incurred by the lender or investor. As interest rates fall, most borrowers will pay of their loan balances and the investors

An evidence presented that provides more convincement than the pre-existing evidence presented in court. As such, the jury makes its verdict in the favor of the party which has a preponderance of

The steps that need to be undertaken during the preparation of the design or layout before it is printed. It includes color separation, preflight camera work, proofing, stripping, etc.

The print and release of a partial portion of a work before the date of publication of the completed final work.

Before the commencement of the bidding process, this stage is undertaken to ensure that the bidder has sufficient resources to take part in the bid.

The shortlisting of potential bidders who will receive the invitationtobid(ITB) documents based on experience, reputation, financial and mangerial ability, etc.

A necessary qualification before the next benefit, privelege, etc is received.

In the event that an employee dies before officially retiring, the preretirement death benefit pension plan is designated to the deceased.

Government offered securities such as Bonds, stocks, etc

An additive chemical that is used to prevent a food or material from decay due to the presence of micro-organisms. Preservatives also prevent unwanted chemical reactions from occuring that may potentially spoil

The risk associated with the failure of the couterparty to settle the required amount.

The force experienced by a surface that is expressed in terms of force per unit area. Its SI unit is Pascal (a force of one newton on an area of one square

A nonprofit organization with members constantly striving to affect political or corporate decisions to achieve a specific target. As opposed to interest groups who try to defend a cause, pressure groups promote