Speakur

Word Pronunciation & Dictionary

prepayment penalty

Word Rarity Rare

Frequency: Zipf frequency 2.54 in modern English

Syllables
pre-pay-men-t penal-ty
IPA
31
Scrabble Score
17
Letters
5
Syllables
9
Unique Chars

Meaning

noun

An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.

Example Sentences

Inflected Forms

prepayment penalties (plural) pre-payment penalty (alternative)

Questions

What does prepayment penalty mean?
An additional fee charged for paying off part of or the entirety of a loan ahead of the scheduled due date in order to compensate for the loss of interest income suffered by the creditor in such case.

How to pronounce prepayment penalty

  1. Open the pronunciation page — Open the Speakur entry for “prepayment penalty”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “prepayment penalty”.
  4. Repeat and practice — Say “prepayment penalty” aloud, matching stress and vowels until it feels natural.