The fee paid for an employee by the company for an association with a particular organization or group

Recurring costs incurred by a firm that are settled before the actual incurrment of costs. They are the opposite of deferred charges and include costs such as rent, premiums, interests, […]

Charges for Air or Ocean Freight that is paid for by the exporter at the port of origin , for which the importer has already made the payment. The failure […]

An expense incurred by a company when it settles next year’s insurance premium for its work staff.

When accounts are closed for a month, the prepaid interest is collected which is in fact the partial payment of a month’s interest payment

A plan that aids in the provision of legal services for its staff.

The fee paid by a company for occupying and utilizing a property for its business operations.

A ticket bought by the buyer at his/her current location, which allows him/her to make a travel from a different location. The issuance of a prepaid ticket advice (PTA) aids […]

Private or state run funds that allows adults to save up for their heir’s future education at the today’s lower tuition costs.

In anticipation of a future event, preparation helps to make something ready to be utilized.

1. To organize or plan in advance. 2. To correct an issue or make it ready for use.

Early mortgage payment due to the sale of the home or refinancing to get a better interest rate . Refer to model and speed.

A guaranty made by a financial institution that assures the secureness of the prepayments made to a contractor.

A Clause in some loan agreements that allows borrowers to settle the loan amount before the end of the loan term and not incur any prepayment penalties.

The way banks calculate the speed a mortgage will be repaid. A common way is the constant repayment rate model.

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

A penalty imposed on the borrower for the complete settlement of the loan before the expected payoff date. It is means of compensation for the lender as the potential interest […]

The prepayment privelege or right is the authority given to the borrower to settle the principal balance before the payoff date, without incurring a penalty.

The risk associated with a fall in interest rates that is incurred by the lender or investor. As interest rates fall, most borrowers will pay of their loan balances and […]

The speed a mortgage can be paid ahead of schedule.

Forethought; preconceived ; premeditated. See Territory v. Bannl- gan, 1 Dak. 451. 46 N. W. 507; People v. Clark, 7 N. T. 385.

The time a company is preparing to file for bankruptcy. Directors try to preserve value as the creditors will paid first.

This word means something more than “weight;” it denotes a superiority of weight, or outweighing. The words are not synonymous, but substantially different. There is generally a “weight” of evidence […]

An evidence presented that provides more convincement than the pre-existing evidence presented in court. As such, the jury makes its verdict in the favor of the party which has a […]

The steps that need to be undertaken during the preparation of the design or layout before it is printed. It includes color separation , preflight camera work, proofing, stripping, etc.