Prepayment: Difference between revisions
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== See also == | == See also == | ||
* [[Accrual]] | |||
* [[Average effective maturity]] | * [[Average effective maturity]] | ||
* [[Bookkeeping]] | * [[Bookkeeping]] | ||
Revision as of 10:21, 28 July 2020
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.
