Finance
What is 'yield maintenance' in South Carolina commercial mortgage lending?
AA type of mortgage insurance
BA prepayment penalty that compensates the lender for lost interest if the borrower pays off early✓ Correct
CA minimum yield guaranteed by the government
DMaintenance of a rental yield above a certain percentage
Explanation
Yield maintenance is a prepayment penalty requiring the borrower to pay the lender the present value of the remaining interest payments if they pay off the loan early, compensating the lender for lost yield.
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