prepayment penalty (English, noun)
expansion: prepayment penalty (plural prepayment penalties)
Senses:
glosses: An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.
Forms:
form: prepayment penalties
tags: plural
form: pre-payment penalty
tags: alternative