What is the meaning of PRE-PAYMENT?

PRE-PAYMENT is a privilege in a mortgage permitting the borrower to make payments in advance of their due date.

Barry Goldsmith
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APABarry Goldsmith. (2010). pre-payment. Retrieved October 1, 2026, from http://smartdefine.org/pre-payment/definitions/1160875
ChicagoBarry Goldsmith. 2010. "pre-payment" http://smartdefine.org/pre-payment/definitions/1160875 (accessed October 1, 2026).
HarvardBarry Goldsmith 2010, pre-payment, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/pre-payment/definitions/1160875>.
MLABarry Goldsmith. "pre-payment" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/pre-payment/definitions/1160875>