By continuing your navigation, you accept the use of cookies to have services and offers tailored to your interests.
To learn more view our Cookie Policy.
Amount required by the lender to the borrower in case of full or partial repayment of a mortgage loan before the maturity of the term of a closed loan, beyond the prepayment allowed. Such compensation may be required when transferring the loan to another lender (before the end of the term) or when the mortgaged building is sold.