The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PREPAYMENT Definition & Legal Meaning

Definition & Citations:

Early mortgage payment due to the sale of the home or refinancing to get a better interest rate. Refer to model and speed.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.