"Prepayment" Example Sentences
1. The customer made a prepayment of $500 toward the purchase.
2. The company required a 20% prepayment before the order could be processed.
3. The downpayment prior to closing acts as a prepayment toward the purchase price of the home.
4. The buyer provided a 10% prepayment in order to reserve the item.
5. The renter made an initial prepayment equal to one month's rent.
6. Customers can pay in advance with a prepayment to reserve tickets for the event.
7. The company offered a 5% discount for customers who made a prepayment for their order.
8. The contract stipulated that a $1000 prepayment was required before construction would begin.
9. Prepayment penalties can apply if the loan is paid off early before the stipulated period.
10. The customer made the minimum $50 prepayment to receive the free shipping promotion.
11. Some utility companies offer discounts to customers who make prepayments on their bills.
12. The customer made a prepayment of $100 toward his bill to ensure his service would not be disconnected.
13. The borrower must pay a prepayment penalty if the loan is paid off before the set term.
14. The tenant paid the required one month's rent prepayment when signing the lease.
15. Customers who prepay their cable or internet bills often save money on monthly fees.
16. Prepayment allows customers to lock in prices before they rise.
17. The borrower prepaid $500 of the principal on his mortgage to pay the loan off early.
18. The renter paid the required two month's rent prepayment when signing the lease agreement.
19. The invoice stated that payment in full was required as a prepayment before goods would ship.
20. The company offered an early payment discount for customers who made a prepayment on their contract.
21. The insurance company required a $25 prepayment for the initial home inspection report.
22. The student paid a prepayment of $1000 to reserve her spot in the upcoming class.
23. The prospective buyers made a prepayment of 10% of the asking price to the sellers as a down payment.
24. The customer was pleased that his $50 prepayment gave him a free gift with purchase.
25. We made our final prepayment installment today to pay off our vehicle loan in full.
26. Road construction required prepayments from businesses in the area to cover costs.
27. Customers who prepay utility bills are often offered a discount.
28. The tenant made the required first and last month's rent prepayments when signing the lease.
29. The renter paid the two month's rent prepayment as a security deposit.
30. The policy allows customers to make prepayments on outstanding balances with no penalty fees.
31. The company charges a 5% surcharge on credit card payments but accepts prepayments with no extra cost.
32. Interest is not charged on prepayments until the date when the regular payment would have been due.
33. The tenant prepaid one month's rent as a good faith gesture when signing the lease agreement.
34. The prepayment allowed the customer to lock in a lower price before the cost increase took effect.
35. Prepayment penalties often decline over the life of the loan.
36. The tenant's rent prepayment compensated for slow rental payments later in the lease.
37. Customers can avoid higher interest rates by making prepayments on loans.
38. The applicant made a deposit prepayment to hold her spot in the upcoming class.
39. The invoice required 50% prepayment within 30 days to confirm the order.
40. The buyer made a $1000 prepayment on the purchase to show he was a serious client.
41. The rent prepayment clause in the lease required first and last month's rent upon signing.
42. The customer made a 10% downpayment as a good faith prepayment toward purchasing the product.
43. The tenant's damage deposit acted as a prepayment for potential rent owed or repairs needed.
44. The client was pleased to get a small discount for prepaying his six month membership fee in full.
45. The invoice required full prepayment before the goods would ship internationally.
46. The customer was delighted to receive a $50 gift card for prepaying her $1000 cell phone bill for the year.
47. The borrower hopes to avoid prepayment penalties by paying off the loan in the final quarter of the year.
48. The student submitted her class prepayment along with the registration form.
49. The landlord required a one month's rent prepayment as a security deposit upon signing the lease.
50. The bill offered a 5% discount for customers who made a full year's prepayment.
51. The insurance company credited the client's account for the premium prepayment.
52. The customer agreed to the 10% prepayment requirement to ensure the product would be reserved for her.
53. The customer made a 50% prepayment on the engagement ring to lock in the current price and specifications.
54. The tenant's damage deposit acted as a security prepayment to compensate the landlord for any losses.
55. The teacher requested a materials fee prepayment from students at the beginning of the semester.
56. The invoice required 30% prepayment within 7 days to confirm and process the order.
57. The buyer wired the $5000 prepayment amount to the seller's bank to prove he was a serious client.
58. The renter paid the required first and last month's rent prepayments upon signing the lease agreement.
59. Utility customers who prepay usually get a small discount on their bills.
60. The landlord credited the tenant's rent prepayment toward the last month of the lease.
Common Phases
1. Down payment- An initial sum of money paid to a seller at the beginning of a purchase.
2.
Prepayment penalty - A fee charged by a lender when a loan is paid off before the agreed-upon term.
3. Security deposit - An amount of money deposited by a tenant to a landlord as security for damages or unpaid rent.
4.
Prepayment discount - A reduction in price offered by a vendor to customers who pay in advance.
5.
Prepayment option - The ability for a borrower to pay off all or part of a loan before the maturity date.
6.
Prepayment fee - A charge assessed by some lenders when a borrower pays off their loan before the end of the term.
7. Zero
prepayment penalty - When a loan has no fee for paying off the balance early.
8. Make a
prepayment - To pay an amount of money in advance before it's actually due.
9. Lock in a price - To guarantee or reserve a specific cost or interest rate by paying ahead.
10. Pay in full - To pay the total balance owed for a purchase or debt.