👉 The term "prehorizon" is a concept in finance and economics that refers to the period of time before an investment or loan is made. It is often used to describe the time frame around when interest rates are set, such as for a mortgage or credit card. In this context, "prehorizon" means the point before which the actual interest rate is determined, typically by setting a fixed interest rate for a certain period of time (typically 12 months) before it starts to
