The phrase "a prepayment of" is correct and usable in written English.
It can be used when referring to an advance payment made before the actual service or product is delivered.
Example: "The contract stipulates a prepayment of 50% before the project begins."
Alternatives: "an advance payment of" or "a deposit of".
Apple will provide GT with a prepayment of approximately $578m.
Mr. Himmelstein said that in some cases, he is able to negotiate a prepayment of a portion of the buyout to facilitate the tenant's move.
Mr. Ben-Ami explained that when a prepayment of principal is made on an interest-only loan, the monthly interest charge is immediately reduced, with the size of the decrease proportionate to the amount repaid.
No CBP fee will be collected under paragraph (c)(1) of this section for the arrival of a commercial truck during any calendar year once a prepayment of $100, as adjusted by the terms of paragraph (k) of this section, has been made and a transponder has been affixed to the vehicle windshield as provided in paragraph (c)(3) of this section.
No feewill be collected under paragraph (d)(1) of this section for the arrival of a railroad car during any calendar year once a prepayment of $100, as adjusted in accordance with the terms of paragraph (k) of this section, has been made as provided in paragraph (d)(3) of this section, provided that adequate records are maintained to enable CBP to verify any such prepayment.
By way of additional clarification, a prepayment of "anticipated real property taxes that have not been assessed prior to 2018" would not be deductible in 2017.
In other words, if a 10-year mortgage was refinanced with, say, five years remaining on the original term, there would be a prepayment penalty of 5percentt of the loan balance.
For example, Mr. Greenberg said, a co-op client of his recently paid a prepayment penalty of more than $50,000 to refinance a new mortgage at a lower interest rate.
"Even a small prepayment of $1 a day will save a lot," he said, explaining that for the loan mentioned above, the $1 a day will trim about three years -- and $22,500 in interest charges.
Mrs. Robertson's mortgage includes a prepayment penalty of $14,400.
They had to pay a prepayment penalty of $11,279 and were not refunded the $14,695 paid in points and fees to Household.
