English Explanatory Dictionary

prepayment

English dictionary entry

Meanings

noun
  1. A payment in advance.
  2. A cost paid in a fiscal year prior to the fiscal year in which the cost is recognized

Pronunciation

LL-Q1860 (eng)-NaomiAmethyst-prepayment.wav

Word forms

prepayment prepayments pre-payment

Etymology

From pre- + payment.

Derived words

nonprepayment prepayment penalty
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