Series 66: Prepayment Risk

Taken from our Series 66 - NASAA Uniform Combined State Law Exam

Definition of the term Prepayment Risk...

the risk to a lender that the principal of a loan will be paid prior to its scheduled maturity as a result of falling interest rates.

Since you're reading about Series 66: Prepayment Risk, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 66
Please Enable Javascript
to view this content!