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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 loan in advance of its due date. Learn how prepayment works for individuals, corporations, and taxpayers, and what penalties may apply to some loans. 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. Corporations might prepay rent, wages, …
- Consumers can prepay credit card charges before they actually receive a statement. Or they mi… See more
- Prepayments are common in a variety of contexts. Individuals and large businesses make prepayments.
- In the corporate environment, expenses are the most common prepayments. These expenditures a… See more
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Prepay Definition & Meaning - Merriam-Webster
WebPrepay means to pay or pay the charge on in advance, as of date due or maturity date. See examples, synonyms, word history, and legal definition of prepay and prepayment.
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 20 percent of the balance each year without penalty. Synonym. prepay. Fewer examples. Some gas stations require prepayment.
What is a Prepayment? - Definition | Meaning | Example
WebA prepayment is the sum paid for goods or services before their receipt or invoiced due date. Learn how to account for prepaid expenses such as insurance and rent, and see an example of a prepayment transaction.
Prepayment: Definition, How It Works, Types, And Penalties
WebFeb 21, 2024 · Prepayment is paying off a debt or loan earlier than scheduled, resulting in interest savings and potentially shortening the repayment period. Learn about full and partial prepayment, how they work, and the possible penalties involved.
Prepayments - Definition, Types, Accounting, How it Works?
WebApr 11, 2024 · Prepayments are paying off an expense or debt obligation before the due date. Learn the benefits, examples, and accounting of prepayments with double entry bookkeeping.
PREPAYMENT definition and meaning | Collins English Dictionary
Web3 days ago · Prepayment is a payment made before receiving goods or services, or before a debt is due. Learn how prepayment affects loans, taxes, and other situations with Collins English Dictionary.
Prepayment Definition
WebUpdated Apr 14, 2019. What Is a Prepayment? A prepayment is the settlement of a debt or installment loan before its official due date. A prepayment is simply the payment of a bill, operating expense, or non-operating expense that settles an …
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-payment from the Cambridge Business English Dictionary © Cambridge University Press) Examples of pre-payment. pre-payment.
PREPAYMENT definition in American English | Collins English …
WebMay 21, 2017 · Prepayment is a payment made before receiving goods or services, or before a debt is due. Learn how prepayment affects loans, taxes, and other situations with examples from Collins English Dictionary.
Prepayment - Definition, Use, Partial Prepayments
WebPrepayment is any payment made before its due date, such as for goods, services or debt. Learn how prepayments can save interest, be categorized into complete or partial, and have penalties.
PREPAYMENT | English meaning - Cambridge Dictionary
WebPrepayment is when you pay for something before you use or get it, or when you pay a debt early. Learn more about the meaning, pronunciation and usage of prepayment with Cambridge Dictionary.
What is a Prepayment? Definition & Example - FreshBooks
WebMar 13, 2024 · Prepayment is the settlement of a loan or debt ahead of its due date. Learn how prepayment can affect your finances, whether it's a positive or negative thing, and see different types of prepayments in business and personal contexts.
Prepayment - Definition, Meaning & Synonyms | Vocabulary.com
WebDefinitions of prepayment. noun. payment in advance. see more. Cite this entry. Style: MLA. "Prepayment." Vocabulary.com Dictionary, Vocabulary.com, https://www.vocabulary.com/dictionary/prepayment. Accessed 04 May. 2024. Copy citation. VocabTrainer™. 2 million people have mastered 402,231,466 new words. …
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 More. Derived Forms. preˈpayment, noun. preˈpayable, adjective. Discover More. Other Words From. pre·pay a·ble adjective. pre·pay ment noun. Discover More.
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 from such resources are not taken yet this is why it is classified as an asset rather than an expense and shown on the face of the balance sheet rather charging in the profit and loss ...
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 paying back a debt early or using a prepayment meter for gas or electricity.
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 between groups of similar words. Try it for free as part of the Oxford Advanced Learner’s Dictionary app. See prepayment in the Oxford Advanced American Dictionary.
Prepaid Expense: Definition and Example - Investopedia
WebNov 3, 2023 · A prepaid expense is an expense that has been paid for in advance but not yet incurred. In business, a prepaid expense is recorded as an asset on the balance sheet that...
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