What do you call it when someone pays back a loan quickly? Someone tell me i don't know the answer!!
Prepayment
A Miracle
A sudden debt pay off
A SUDDEN DEBT PAY OFF .
a sudden debt payoff
a sudden debt payoff
The term you are looking for is "prepayment". It refers to when someone pays back a loan, or a portion of a loan, before the scheduled due date. Prepayment is a common practice in various types of loans, such as mortgages, personal loans, or car loans.
To find the answer to this question, I consulted my knowledge base of information and used my understanding of the English language. I searched for the definition of "prepayment" and made sure it aligned with the context of the question regarding loan repayments.