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- noun form of prepay
verbprepay (verb) · prepays (third person present) · prepaid (past tense) · prepaid (past participle) · prepaying (present participle) · pre-pay (verb) · pre-pays (third person present) · pre-paid (past tense) · pre-paid (past participle) · pre-paying (present participle)- pay or pay for in advance:"many tax professionals have been advising their clients to prepay the bills" · "I had prepaid the tickets"
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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Prepayment is an accounting term for the settlement of a debt or installment loan in advance of its official due date. A prepayment may be the settlement of a bill, an operating expense, or a non-operating expense that closes an account before its due date.www.investopedia.com/terms/p/prepayment.aspprepayment noun [ C or U ] (also pre-payment) us / ˌpriːˈpeɪ.mənt / uk / ˌpriːˈpeɪ.mənt / an arrangement in which a service or product is paid for, or partly paid for, before it is used or obtained, or the amount that is paid:dictionary.cambridge.org/us/dictionary/english/prep…
Prepayment: Definition, How It Works, Types, and Penalties
Prepayment is the settlement of a debt or installment loan in advance of its due date. It can be made by an individual, a corporation, or any other type of organization. Learn the types of prepayments, such as rent, credit card charges, or taxes, and the penalties for prepaying a loan. See more
- Prepayment is an accounting term for the settlement of a debt or
- in advance of its official due date. A prepayment may be the settlement of a bill, an operating exp… See more
- Many types of debts and obligations are settled in advance through prepayment. …
- Consumers can prepay credit card charges before they actually receive a st…
- Some loans, such as mortgages, may include a penalty for p… See more
- Prepayments are common in a variety of contexts. Individuals and large business…
- In the corporate environment, expenses are the most common prepayments. Th…
- For example, a company can list $6,000 as a current asset un… See more
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PREPAYMENT | definition in the Cambridge English Dictionary
WEBthe act of paying a debt before it is due to be paid, or the amount that is paid : There is no penalty or fee for prepayment of a loan. Most contracts allow pre-payments of 10 to …
Prepay Definition & Meaning - Merriam-Webster
WEBPrepay is a verb that means to pay or pay the charge on in advance. Learn the word history, examples, synonyms, and legal definition of prepay and prepayment.
What is a Prepayment? - Definition | Meaning | Example
WEBDefinition: A prepayment is the sum paid for goods or services before their receipt or invoiced due date. In other words, a company has ordered and paid for goods or …
What is a prepayment? (Definition, Explanation, Journal Entry, …
WEBDefinition Prepayment is an accounting term referred to the types of expenses not incurred yet but for which payment is made in advance. As the economic benefits …
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Prepayments - Definition, Types, Accounting, How it Works?
WEBApr 11, 2024 · Prepayments are the payment of expenses or debt obligations ahead of the due date. It also includes the advance payment. to vendors before the arrival of …
PREPAYMENT definition and meaning | Collins English Dictionary
WEBApr 20, 2024 · A prepayment is a payment that you make before you receive goods or services, or before a debt is due . If a borrower makes prepayments, the loan balance …
PREPAYMENT definition in American English | Collins English …
WEBApr 21, 2024 · A prepayment is a payment that you make before you receive goods or services, or before a debt is due . If a borrower makes prepayments, the loan balance …
PRE-PAYMENT | English meaning - Cambridge Dictionary
WEBPre-payment is the act of paying for something before you receive it, or the amount of the payment. It can also refer to the act of paying back all or part of a debt before you have …
Prepayment - Definition, Use, Partial Prepayments
WEBA prepayment is any payment that is made before its due date. Prepayments may be made for goods and services or toward settling a debt. They can be categorized into two …
prepayment noun - Definition, pictures, pronunciation and usage …
WEBnoun. /ˌpriːˈpeɪmənt/ [uncountable] payment in advance. a prepayment plan. Take your English to the next level. The Oxford Learner’s Thesaurus explains the difference …
What is a Prepayment? Definition & Example - FreshBooks
WEBMar 13, 2024 · As an accounting term, prepayment refers to the settlement of an instalment loan ahead of its official due date. It can also be applied to other types of …
PREPAYMENT | English meaning - Cambridge Dictionary
WEBthe act of paying a debt before it is due to be paid, or the amount that is paid : There is no penalty or fee for prepayment of a loan. Most contracts allow pre-payments of 10 to …
PREPAY Definition & Meaning | Dictionary.com
WEBverb (used with object) , pre·paid, pre·pay·ing. to pay or arrange to pay beforehand or before due: to prepay the loan. prepay. / priːˈpeɪ / verb. tr to pay for in advance. Discover …
PREPAY Definition & Meaning | Dictionary.com
WEBPrepay definition: to pay or arrange to pay beforehand or before due. See examples of PREPAY used in a sentence.
Prepayment - definition of prepayment by The Free Dictionary
WEBPrepayment - definition of prepayment by The Free Dictionary. prepayment. Also found in: Thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia. Related to …
PRE-PAYMENT | definition in the Cambridge English Dictionary
WEBthe act of paying back all or part of a debt before you have to: People didn't discover the prepayment penalties until they tried to refinance their loans. (Definition of pre …
Prepayment financial definition of prepayment - Financial Dictionary
WEB1. The payment of a debt in full before it is due. Prepayment is good for the borrower because it relieves him/her of the debt, but it deprives the lender of interest he/she would …
Prepayment Model: How it Works, Examples - Investopedia
WEBDec 1, 2020 · Prepayment is the settlement of a debt or part of a debt before its official due date. It can either be made for the entire balance or for an upcoming installment, but...
Pros and Cons of Mortgage Prepayment - FHA.com
WEBThere are upsides to making prepayments on a mortgage…. By making payments earlier than required, you are saving on the interest the mortgage is costing you; the sooner …
What Is Prepayment Risk? Definition, Consequences, and Examples
WEBMay 23, 2022 · Prepayment risk is the risk involved with the premature return of principal on a fixed-income security. When prepayment occurs, investors must …
Prepayment Penalty: Definition, Examples, Disclosure Laws
WEBApr 7, 2022 · Key Takeaways. A prepayment penalty clause states that a penalty will be assessed if the borrower significantly pays down or pays off the mortgage, usually …
What Is A Prepayment Penalty? | Bankrate
WEBJan 9, 2024 · A prepayment penalty is a fee designed to discourage borrowers from paying off a loan ahead of time. Refinancing your mortgage or selling your home could …
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