Join the GCB x NDSU Homecoming Party!
Thundar, the Gold Star Marching Band, NDSU Cheer Team, food trucks, bouncy houses and more. Plus, the first 500 attendees receive a free NDSU yard sign and Gate City Bank Field squishy!
See event details and RSVP on Facebook.

Prepayment Penalty

Definition

A penalty imposed on a borrower for repaying the loan before its due date. (In the case of a mortgage, this applies when there is not a prepayment clause in the mortgage note to offset the penalty.)