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prepayment clause. A loan-document provision that permits a borrower to satisfy a debt before its due date, usu. without paying a penalty. [Cases: Bills and Notes 129, 429. C.J.S. Bills and Notes; Letters of Credit §§ 86–89, 91–100, 234–236, 238.] [Blacks Law 8th]

preparation. Criminal law. The act or process of devising the means necessary to commit a crime. Cf. ATTEMPT. [Blacks Law 8th]

prepaid legal services. An arrangement — usu. serving as an employee benefit — that enables a person to make advance payments for future legal services. [Cases: Attorney and Client 137. C.J.S. Attorney and Client §§ 282, 331.] [Blacks Law 8th]

prepaid interest. See INTEREST(3). [Blacks Law 8th]

prepaid income. See INCOME. [Blacks Law 8th]

prepaid expense. See EXPENSE. [Blacks Law 8th]

prepaid card. See STORED-VALUE CARD. [Blacks Law 8th]

prenuptial will. See WILL. [Blacks Law 8th]

prenuptial gift. See GIFT. [Blacks Law 8th]

prenuptial agreement. An agreement made before marriage usu. to resolve issues of support and property division if the marriage ends in divorce or by the death of a spouse. — Also termed antenuptial agreement; antenuptial contract; premarital agreement; premarital contract; marriage settlement. — Sometimes shortened to prenup. Cf. POSTNUPTIAL AGREEMENT ; COHABITATION AGREEMENT . [Cases:…