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Prepayment: Definition, How It Works, Types, and Penalties - Investopedia
Jul 18, 2024 · A prepayment is the satisfaction of a debt before its official due date. It can apply to goods, services, or loans. What Is a Prepayment? Prepayment is an accounting term for...
Prepayments - Definition, Types, Accounting, How it Works?
Jun 10, 2021 · 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 goods or services. …
What Is a Prepayment? Definition & Example - FreshBooks
Mar 13, 2024 · Breaking it down using common language, it means payment before. When it comes to accounting though, it becomes more specific. As an accounting term, prepayment …
Prepayment - Learn More About Complete and Partial Prepayments
Dec 21, 2024 · What is Prepayment? Prepayment is a financial term that refers to early repayment of loans, mortgages, or any debt payment before the due date arrives. It is commonly stated …
PREPAYMENT Definition & Meaning - Merriam-Webster
The meaning of PREPAY is to pay or pay the charge on in advance. How to use prepay in a sentence.
PREPAYMENT | definition in the Cambridge English Dictionary
PREPAYMENT meaning: 1. an arrangement in which a service or product is paid for, or partly paid for, before it is used…. Learn more.
PREPAYMENT definition and meaning | Collins English Dictionary
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 declines more rapidly than would …
What is a Prepayment? - Definition | Meaning | Example
Definition: 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 services but has not …
Prepayment: Definition, How It Works, Types, And Penalties
Feb 21, 2024 · Prepayment refers to paying off a debt or loan before its scheduled due date, resulting in interest savings and potentially shortening the repayment period. There are two …
What is a prepayment? (Definition, Explanation, Journal Entry, …
Definition. Prepayment is an accounting term referred to the types of expenses not incurred yet but for which payment is made in advance.
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