defeasance fee
defeasance fee
A prepayment penalty; in a commercial loan, money that must be paid to the lender when a mortgage is paid off earlier than the specified maturity date.
| 单词 | defeasance fee |
| 释义 | defeasance feedefeasance feeA prepayment penalty; in a commercial loan, money that must be paid to the lender when a mortgage is paid off earlier than the specified maturity date. |
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