Prepayment clause
In a mortgage, the statement of the terms on which the mortgagor may pay the entire or stated amount of the mortgage principal at some time prior to the due date.
More Real Estate Definitons
YardSubbaseX-BracingGeneral PowerMortgage ClauseJunior MortgageButtressKickbackYieldBoroughRemainderJalousiesVapor BarrierZoning VarianceVacancy FactorMoney marketKerfCredit UnionDonative IntentBoiler PlatingAppelleeLand GrantHypothecateUnderwritingGabelRibbonRemaindermanOffice ManagerMaps And PlatsQuarter RoundVacancy RateZero Lot LineFiduciaryImpact FeesInstallmentMining LeaseIntestateNet ListingPer SeHatchwayRent SubsidyQuarter Section