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prepay
(redirected from prepayable)

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The expected period may be used only if a homogenous pool of assets underlying the insured financial obligation is contractually prepayable.
The three-year financing is prepayable in 20 months, explained Burger.
7 percent lower than similar borrowers with fully prepayable mortgages and default at a lower rate (13 percent default rate) than comparable borrowers with no prepayment penalties (18 percent default rate).
 
 
 
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