BSIP70: Clarification about early closure

bsip-0070.md

@@ -128,7 +128,7 @@ Both potential lenders and potential borrowers can place offers on the Loan Orde
 |<div id="loan-offer-margin-call-collateral-ratio"/>Margin call collateral ratio (MCCR)|The _minimum_ collateral ratio below which [a margin call of the loan is initiated](#process-margin-call-initiation).  MCR &ge; MCCR &ge; 1|
 |<div id="loan-offer-margin-call-duration"/>_Maximum_ duration of margin call|The _maximum_ duration of a [margin call](#process-margin-call), if one is necessary, after which a [portfolio confiscation](#process-portfolio-confiscation) will be triggered.|
 |<div id="loan-offer-tradable-asset"/> Asset type to trade against (Tradable asset)|The asset type that the lender permits the borrower to trade against.  This restriction protects the lender from exit scam trading.|
-|<div id="loan-offer-minimum-duration"/>_Minimum_ duration of loan|The _minimum_ duration of the loan that the lender is willing to accept|
+|<div id="loan-offer-minimum-duration"/>_Minimum_ duration of loan|The _minimum_ duration of the loan that the lender is willing to accept.  The loan may still be closed early during Stage 5.|
 |<div id="loan-offer-maximum-duration"/>_Maximum_ duration of loan|The _maximum_ duration of the loan that the lender is willing to accept|
 |<div id="loan-offer-interest-rate"/>Minimum interest rate|The _minimum_ daily interest rate that the lender is willing to accept|
 |Expiration date|Expiration date of the offer|
@@ -146,7 +146,7 @@ Borrow offers contain the following parameters:
 |<div id="borrow-offer-margin-call-collateral-ratio"/>Margin call collateral ratio (MCCR)|The _maximum_ collateral ratio below which [a margin call of the loan is initiated](#process-margin-call-initiation).  MCR &ge; MCCR &ge; 1|
 |<div id="borrow-offer-margin-call-duration"/>_Minimum_ duration of margin call protection|The _minimum_ duration of a [margin call](#process-margin-call), if one is necessary, after which a [portfolio confiscation](#process-portfolio-confiscation) will be triggered.|
 |<div id="borrow-offer-tradable-asset"/> Asset type to trade against (Tradable asset)|The asset type that the borrower can trade against.|
-|<div id="borrow-offer-minimum-duration"/>_Minimum_ duration of loan|The _minimum_ duration of the loan that the borrower is willing to accept|
+|<div id="borrow-offer-minimum-duration"/>_Minimum_ duration of loan|The _minimum_ duration of the loan that the borrower is willing to accept.  The loan may still be closed early during Stage 5.|
 |<div id="borrow-offer-maximum-duration"/>_Maximum_ duration of loan|The _maximum_ duration of the loan that the borrower is willing to accept|
 |<div id="borrow-offer-interest-rate"/>_Maximum_ interest rate|The _maximum_ daily interest rate that the borrower is willing to accept|
 |Expiration date|Expiration date of the offer|
@@ -467,7 +467,7 @@ Bob may withdraw bitBTC up to this limit because the balance of bitBTC, 0.025, e
 
 ## <div id="process-loan-closure-initiation" /> Stage 5a: Initiation of Loan Closure by Borrower
 
-A borrower may close an outstanding loan position by having a [sufficient balance of the borrowed asset type](#process-loan-closure) in the loan portfolio and then initiating a loan closure with the appropriate parameters.
+A borrower may close an outstanding loan position _any time before loan expiry_ by having a [sufficient balance of the borrowed asset type](#process-loan-closure) in the loan portfolio and then initiating a loan closure with the appropriate parameters.
 
 |Initiation of Loan Closure Parameter|Description|
 |-|-|