Pre-numeration reservation and prepayment clause

In the case of debt instruments of any kind and bills of exchange in particular, the contractual agreement that the debtor is entitled to early repayment without incurring any penalty (a provision in a promissory note stating the amount a borrower may repay ahead of schedule without incurring any penalty). – See call period, repayment, ahead of schedule, debt restructuring bubble, prepayment risk, prepayment penalty.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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