Early repayment period (Meaning of)

Look up: Early repayment period

Early repayment period
A period of time that applies to certain types of loan during which a charge will be made if the loan is repaid in full or in part or its terms are varied at the borrower's request.
Found op http://www.mortgage-terms.co.uk/mortgage-glossary/e/early-repayment-period.

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