Phrases with «partial prepayments»

"Partial prepayments" refers to making small payments in advance on a loan or debt before the scheduled due date. These partial prepayments help reduce the overall amount owed and can save on interest costs. Full definition

Sentences with «partial prepayments»

  • When borrowers make partial prepayments on their loan — and actually pay down accrued mortgage insurance premiums and interest — they will also receive a 1098 statement. (reverse.mortgage)
  • The policies of deposit (advance partial prepayment) and cancellation are governed by the Greek law (Hellenic Chamber of Hotels, Greek National Tourism Organization). (hotel-paraskevas.com)
  • If you have made partial prepayments, then you must be assured that your prepayments have been applied to your interest charges (see section 7, «Prepayments»). (reversemortgage.org)
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