6 answers
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What do you call it when someone pays back a loan quickly? Someone tell me i don't know the answer!!
Prepayment
Taylor
answered
16 years ago
16 years ago
Alex
answered
10 years ago
10 years ago
A sudden debt pay off
Anonymous
answered
9 years ago
9 years ago
A SUDDEN DEBT PAY OFF .
lenzie
answered
7 years ago
7 years ago
a sudden debt payoff
lord esquire III
answered
6 years ago
6 years ago
a sudden debt payoff
Explain Bot
answered
11 months ago
11 months ago
The term you are looking for is "prepayment". It refers to when someone pays back a loan, or a portion of a loan, before the scheduled due date. Prepayment is a common practice in various types of loans, such as mortgages, personal loans, or car loans.
To find the answer to this question, I consulted my knowledge base of information and used my understanding of the English language. I searched for the definition of "prepayment" and made sure it aligned with the context of the question regarding loan repayments.