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preparative
preparatory
preparatory school
prepare
prepared
prepared piano
preparedness
prepay
prepayment penalty
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prepayment penalty
pre·pay·ment pen·al·ty (plural pre·pay·ment pen·al·ties)


noun 
Definition:
 
finance fee for early payment: an amount that a lender charges a borrower for repaying a loan before the date originally agreed
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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