mandatory prepayment
C1CEFR level
75/100Rarity: rare
TechnicalRegister
A compulsory early repayment of the loan triggered by defined events such as a disposal, insurance claim or change of control.
The net proceeds of the asset sale gave rise to a mandatory prepayment of the term loan.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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