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BNET Business Dictionary
- Prepayment Penalty
- a charge that may be levied against somebody who makes a payment before its due date. The penalty compensates the lender or seller for potential lost interest.
- Prepayment Penalty definition on BNET »
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- Discrimination or an end to abuse?
- Currently, the regulations that the state housing creditors are allowed to borrow when making such loans include provisions preempting state restrictions on prepayment penalties and late charges. This article focuses primarily on the effect of these changes on prepayment penalties. The article includes the argument regarding preempting and argument for...
- White papers 2003-01-01
Additional Resources
- Announces Prepayment of Private Debt
- CHICAGO--BUSINESS WIRE--April 4, 1995--Illinois Central Corporation today announced that its principal subsidiary, Illinois Central Railroad Company, has notified the holders of its $160 million of Senior Notes of the Railroad's intent to prepay the Notes on May 4, 1995, at face value plus accrued interest and a prepayment penalty.Of the...
- Research articles 1995-04-04
- Provident Financial Services, Inc. Q2 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator instructions Our first question comes from Mark Fitzgibbon of Sandler O'Neill. Please go ahead. Mark Fitzgibbon – Sandler O’Neill Hey, guys. How are you? Paul Pantozzi Good morning. Linda Niro Good. How are you doing? Mark Fitzgibbon – Sandler O’Neill First question...
- Earnings calls 2008-07-28
- Should You Prepay Your Mortgage?
- For some people, paying off a mortgage early is a bad financial move. Answer these six questions to see if prepaying makes sense for you. Determining whether it’s wise for you means weighing variables including your mortgage rate, tax bracket, age, other debts, and even your outlook for the...
- Articles 2009-10-02
- Law Digest
- COURT OF APPEALS Commercial Law, Prepayment penalty: Circuit court erred in permitting bank to "recapture" closing costs where such costs were imposed as prepayment penalty in violation of CL [section]12- 1009e. Bednar v. Provident Bank of Maryland, Inc., No. 142, September Term 2006. RecordFax No. 07-1213-20, 18 pages....
- Research articles 2008-01-14
- Legal Opinions - Maryland Court of Appeals: January 14, 2008
- Commercial Law Prepayment penalty BOTTOM LINE: Circuit court erred in permitting bank to "recapture" closing costs where such costs were imposed as prepayment penalty in violation of CL [section]12-1009e. CASE: Bednar v. Provident Bank of Maryland, Inc., No. 142, September Term 2006 (filed Dec....
- Research articles 2008-01-14
- Fitch Ratings Announces Change To NIMS Criteria
- Business Editors NEW YORK--BUSINESS WIRE--Nov. 5, 2002 Fitch Ratings has reviewed recent changes in the regulatory and statutory treatment of prepayment penalty charges and analyzed the risks these changes pose for the ultimate enforcement of those charges by servicers of sub-prime and home equity mortgage loans. In response...
- Research articles 2002-11-05
- Sovereign Bankcorp, Inc. Q1 2008 Earnings Call Transcript
- Question-and-Answer Session Operator Operator Instructions And your first question comes from Matthew O’Connor - UBS. Matthew O’Connor - UBS I can appreciate the capital getting boosted over time from shrinking the balance sheet a little bit and generating positive earnings. So, I’m just wondering thoughts on...
- Earnings calls 2008-04-25
- Depomed, Inc. Q2 2008 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. Operator instructions We’ll take our first question from Andy Schopick with Nutmeg Securities. Andy Schopick – Nutmeg Securities inaudible over Depomed. I do want to ask you a question about this credit facility. And although you have characterized it as non-dilutive and I...
- Earnings calls 2008-08-25
- NASDAQ to Repay $250 Million of Senior Debt.
- M2 PRESSWIRE-15 November 2006-NASDAQ: NASDAQ to Repay $250 Million of Senior DebtC1994-2006 M2 COMMUNICATIONS LTD RDATE:15112006 New York, NY - The NASDAQ Stock Market, Inc. (NASDAQ: NDAQ) today announced that it is repaying $250 million of its senior bank debt issued...
- Research articles 2006-11-15
- Term: Loans And Leases
- The slide-show tells about term loans, provisions of loan agreements, equipment financing, lease financing, evaluating lease financing in relation to debt financing etc. Term Loan is termed as debt originally scheduled for repayment in more than 1 year, but generally in less than 10 years. Credit is extended under a...
- Presentations 2001-01-01
- Ramtron Retires Convertible Debentures; Company Gains Operational Flexibility for Continued Corporate Development; Anticipates Debt Payment-Related Charge for Third Quarter of 2005
- COLORADO SPRINGS, Colo. -- Ramtron International Corporation (Nasdaq:RMTR), the leading developer and supplier of nonvolatile ferroelectric random access memory FRAM products, today announced the retirement of its outstanding convertible debentures, which had been due in March 2007. The company paid a total of approximately $4.9 million, including the aggregate principal,...
- Research articles 2005-07-07
- Cubist Pharmaceuticals Pays in Full $29 Million of Convertible Bond Debt
- LEXINGTON, Mass. -- Cubist Pharmaceuticals, Inc. (Nasdaq: CBST) today announced that on December 13, 2004, the company repaid the outstanding principle and interest on its 8 1/2% senior convertible notes, which were due in September 2005, to John Hancock Life Insurance Company. The total payment was $30.4 million, which was...
- Research articles 2004-12-14
- Vornado is Repaid $275 Million General Motors Building Loan
- PARAMUS, N.J. -- Vornado Realty Trust (NYSE:VNO) announced that today it has been repaid $275 million of loans secured by partnership interests in the General Motors Building. Vornado also received a prepayment penalty of $4.5 million together with interest through January 14, 2005 on $225 million of these loans. The...
- Research articles 2005-01-07
- Interthinx(R) Releases Crucial Regulatory Compliance Modules as Part of Multi-Million Dollar Commitment to Financial Industry
- As Congress debates tougher lending laws, and banks, lenders and investors adapt to a new paradigm highlighted by tightened underwriting standards, Interthinx® offers much-needed relief by introducing crucial licensing and prepayment penalty modules into its automated regulatory compliance solution. In an industry first, Interthinx, the leading provider of proven...
- Research articles 2007-10-15
- New York Community Bancorp Inc. Q4 2008 Earnings Call Transcript
- Earnings Call ExcerptNew York Community Bancorp Inc. NYB Q4 2008 Earnings Call January 27, 2009 9:30 am ET Executives Ilene Angarola – Director of Investor Relations Joseph Ficalora – Chairman, President and Chief Executive Officer Thomas Cangemi – Chief Financial Officer Robert Wann – Chief Operating Officer John...
- Earnings calls 2009-01-27
- Emergency Medical Services Corporation Q1 2009 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of Art Henderson of Jefferies and Company. Art Henderson – Jefferies and Company Bill, I know you guys didn’t talk about your guidance. Are you still reaffirming it where we are right now? William A. Sanger...
- Earnings calls 2009-05-05
- Vornado Repaid $83 Million Extended Stay America Loan
- PARAMUS, N.J. -- Vornado Realty Trust (NYSE:VNO) announced that today it has been repaid the $83 million loan it made to Extended Stay America, Inc., including a prepayment penalty of $830,000. Vornado Realty Trust is a fully-integrated equity real estate investment trust. Certain statements contained herein may constitute...
- Research articles 2005-05-11
- A matter of life and debt: The impact of predatory lending on the black community
- Think of it as a word problem. Problem is the operative word: If "company A" lends $50,000 to "consumer F" at an interest rate 7 points above the prime rate, charging finance fees equal to 10% of the loan and a prepayment penalty, how long would it take for consumer...
- Research articles 2003-03-01
- The Kansas City Star, Mo., At Your Service Column.
- By Angela D. Curry, The Kansas City Star, Mo. Knight Ridder/Tribune Business News Feb. 9--At Your Service: I want to complain about U.S. Bank for imposing an unreasonably excessive prepayment penalty on my mortgage and for not providing adequate disclosure of such...
- Research articles 2003-02-09
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