prepayment penalty　

prepayment penalty　早偿罚金，提前偿还罚金　

Additional fee imposed by some loan agreements that a borrower retires a loan before its scheduled pay-off date.It is meant to compensate the lender for not realizing the anticipated interest income and for the possibility of reinvesting the loan amount at a lower interest rate.Prepayment penalty is usually equivalent to three months of interest on the loan.Also called breakage cost.