Prepayment Rebate definition
Prepayment Rebate. In the event of prepayment in full of this Contract prior to its scheduled maturity whether before, on or after date of any acceleration, the sum of the digits method, commonly referred to as the “Rule of 78”, will be used in computing the unearned portion of the Finance Charge. In no event will a rebate of less than $1.00 be made.
Prepayment Rebate. The prepayment rebate set forth in Section 3.5.
Examples of Prepayment Rebate in a sentence
Prepayment Rebate: You may prepay this contract in full at any time before the final installment is due.