A charge assessed against a borrower who elects to pay off a loan before it is due. [Cases: Bills and Notes 429; Usury 61. C.J.S. Bills and Notes; Letters of Credit ¡ì¡ì 100, 234¨C236, 238; Interest and Usury; Consumer Credit ¡ì 172.]
How many interpretations of the term prepayment penalty are there in Chinese?
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