A provision which allows a borrower to repay a loan early, without lender consent, but subject to certain payments being made to the lender to compensate them for the loss of interest which would have otherwise been payable until the final maturity date of the loan.
Global Definitions Database
Make-Whole Provision
Source: INREV | Date: 26 February 2020 | ID: D0703 | Version: 2
Related
Make-Whole Margin
Payment made as compensation to lender for unpaid interest arising due to early payment of outstanding loan principal, refers to the make-whole pro...