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What is the term used for unscheduled full or partial payment of the principal amount outstanding on a loan before its due date?
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What is the term used for unscheduled full or partial payment of the principal amount

outstanding on a loan before its due date?

User RationalRabbit
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2 Answers

2 votes

Answer:

This is called a prepayment

User Tanaka Mawere
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5 votes
Are there any answers choices? I’m going of my gut and saying it’s prepayment
User Rich Adams
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