Pre-cessation and Prepayment: Difference between pages
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imported>Doug Williamson (Create page - source - ACT Slaughter & May Borrower's Guide to the LMA Investment Grade Agreements.) |
imported>Doug Williamson (Create the page. Sources: linked pages.) |
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'' | 1. ''Banking''. | ||
The non-contractual early repayment by bank customers of, for example, fixed rate mortgages. | |||
2. ''Accounting''. | |||
An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet. | |||
== See also == | == See also == | ||
* [[ | * [[Extension risk]] | ||
* [[ | * [[Prepayment risk]] | ||
* [[ | * [[Prepayments]] | ||
Revision as of 20:15, 30 October 2016
1. Banking.
The non-contractual early repayment by bank customers of, for example, fixed rate mortgages.
2. Accounting.
An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.