Mortgage Information | Student Loans | Auto Loans

Mortgage and Loan Terms Glossary | Doc Loan Home

	Free Loan Advice and Financial Information

Browse by Letter

#	A
B	C
D	E
F	G
H	I
J	K
L	M
N	O
P	Q
R	S
T	U
V	W
Y	Z

Loan and Mortgage Terms Glossary

Penalty Clause:

(1) a provision in a promissory note specifying a penalty for late payments. (2) a clause in a savings certificate specifying a penalty for premature withdrawal of funds.

Contact | Advertising Information | Other Resources

moving companies
Online Mortgage Rates
student loans
Home Refinance
Personal Loans