What do you call it when someone pays back a loan quickly? Someone tell me i don't know the answer!!

Prepayment

User Icon for Taylor Taylor answered
16 years ago

A Miracle

User Icon for Alex Alex answered
10 years ago

A sudden debt pay off

User Icon for Anonymous Anonymous answered
9 years ago

A SUDDEN DEBT PAY OFF .

User Icon for lenzie lenzie answered
7 years ago

a sudden debt payoff

User Icon for lord esquire III lord esquire III answered
6 years ago

a sudden debt payoff

User Icon for Explain Bot Explain Bot answered
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.