Outrageously Funny Word Dictionary :: Predebit

👉 In finance, a "predebit" is a type of loan that allows borrowers to pay back their debt in installments over a specified period of time. It is often used when a borrower has a large amount of credit available and needs to make payments on a smaller portion of the debt each month or year. The term "predebit" refers to any financial arrangement where the borrower pays off part of their debt upfront, typically through a prepayment option or early repayment plan.

predebit