FT MarketWatch

Make whole provision

A Provision that allows a borrower to prepay the remaining Fixed rate term debt. However, the borrower has to make an additional payment that is derived from a formula based on the Net present value of the future Debt payments. This can often be significant, which is why such provisions are rarely invoked.

Related Terms: 11 Borrow, Base, Debt, Fixed rate, FICA, Low, Lows, Net, Owe, Provision, Term
Other Related Pages: Category: Lending_and_Credit Starting With: M
Additional Related Terms: 10-K, 52-week low, Allowance for depreciation, Adjustable rate, Accreted value, Accrual of discount, Amortization of premium, Amortized value, At par, All or any part