FSA and Prepayment: Difference between pages
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1. The | 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 == | ||
* [[ | * [[Early Repayment Charge]] | ||
* [[ | * [[Extension risk]] | ||
* [[Prepayment risk]] | |||
* [[Prepayments]] | |||
Revision as of 16:43, 13 November 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.
