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• ​The annualized rate at which borrowers pay off their loans ahead of schedule. Also referred to Constant Prepayment Rate, or CPR.

  National Credit Union Administration (NCUA) - Cite This Source - This Definition
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  Cite Definition for ​​Prepayment Speed

  American Psychological Association (APA)

  ​​Prepayment Speed. (n.d.). Corporate System Resolution Costs Glossary. Retrieved March 22, 2023, from website: http://www.expertglossary.com/definition/​​prepayment-speed.

  Chicago Manual of Style (CMS)

  ​​Prepayment Speed. www.ncua.gov. Corporate System Resolution Costs Glossary. National Credit Union Administration (NCUA). http://www.expertglossary.com/definition/​​prepayment-speed (accessed: March 22, 2023).

  Modern Language Association (MLA)

  "​​Prepayment Speed." Corporate System Resolution Costs Glossary. National Credit Union Administration (NCUA). 22 March. 2023 http://www.expertglossary.com/definition/​​prepayment-speed.

• Browse Related Terms: 30 Days Delinquent, 60 Days Delinquent, Bankrupt, Default Rate, Excess Spread, ​90 Days Delinquent, ​Underlying Security (-ies), ​​Prepayment Speed, ​​Underlying Loans