Feature which prohibits the borrower to prepay a loan for a certain time (hard non-call) or makes him to pay a pre-defined prepayment premium (soft non-call). It compensates the lender with the risk of reinvestment of the amount repaid by the borrower.
The glossary is provided to you solely for your information. Comments or statements made by Leverest, expressed or implied, do not constitute a guarantee of any kind. No reader may rely upon Leverest with respect to the accuracy or completeness of the glossary information.
