# Cancellation fee

- Canonical URL: https://www.gerhardmerk.de/cancellation-fee
- Post ID: 590847
- Modified: 2023-07-25T20:59:23+00:00
- Language: en

## Definition

If a bank accepts the early repayment of a loan, it generally charges a fee for this. This is because the institution incurs costs as a result; these are primarily due to the change in long-term liquidity planning. In social platforms (social networks), enraged citizens repeatedly complain about such a payment. Meanwhile, there is also nothing prudentially wrong with a termination fee. - See bank charges, deduction, facility fee, fixed term, repayment, early, matching, overdraft fee, prepayment risk, prepayment penalty, interim interest. - Cf. BaFin Annual Report 2005, p. 194 (such fees are not objectionable under supervisory law). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1