Natural hazards are excluded as a cause; however human activities can indirectly affect phenomena such as floods and bush fires. This is considered to be an important topic of the 21st century due to the implications land degradation has upon agronomic productivity, the environment, and its effects on food security.
prepress. 1  of or relating to all operations other than the preparation of the press that are required in preparing a job for printing. ( 2 of a proof) pulled from a finished plate prior to or in lieu of a press proof.
DEFINITION of 'Prepayment Penalty'. A clause in a mortgage contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. The penalty is usually based on percentage of the remaining mortgage balance or a certain number of months worth of interest. A prepayment penalty that applies to both the sale of a home and a refinancing transaction is called a hard prepayment penalty. A prepayment penalty that applies to refinancing only is called a soft prepayment penalty. Next Up.