Anticipation
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Anticipation
Paying what is owed before it is due (usually to save interest charges).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Prepayment
1. The payment of a debt in full before it is due. Prepayment is good for the borrower because it relieves him/her of the debt, but it deprives the lender of interest he/she would have received otherwise. As a result, some lenders attach prepayment penalties to loans to disincentivize prepayments. Prepayment can me a major risk to collateralized mortgage obligations as coupon payments are based on interest received from the underlying mortgages. Less commonly, this is called anticipation. See also: Prepayment risk.
2. Payment in advance for a good or service not yet received.
2. Payment in advance for a good or service not yet received.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved