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Resources > Glossary > Prepaids

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Prepaids

Phonetics: pre·paids    \ ˌprē-'pāds\

Function: noun

Definition 1:
Particular expenses of property which are paid in advance of their due date and will usually be prorated upon sale, such as taxes, insurance, rent, etc.

Thesaurus / Related Terms
Prepayment Penalty