Permitted Arrears Prepayment Amount Law and Legal Definition

According to 31 CFR 25.100 [Title 31 -- Money and Finance: Treasury; Subtitle A -- Office of the Secretary of the Treasury; Part 25 -- Prepayment of Foreign Military Sales Loans Made by the Defense Security Assistance Agency and Foreign Military Sales Loans Made by the Federal Financing Bank and Guaranteed by the Defense Security Assistance Agency; Subpart A – General], permitted arrears prepayment amount means “the sum of all arrears, if any, on all FMS Loans, which arrears are outstanding on the Closing Date.”