prepayment (Meaning)

Wordnet

prepayment (n)

payment in advance

FAQs About the word prepayment

payment in advance

repayment, reimbursement, overpayment,paying up, paying, paying off, disbursement, remittance,payment, remuneration

nonpayment, nonpayment,,underpayment, underpayment

The company offers a prepayment option, allowing customers to pay for services or products in advance.

A prepayment can secure discounts or ensure timely delivery.

The tenant made a prepayment of two months' rent before moving in.

The insurance policy requires an annual prepayment, which covers the cost of coverage for the entire year.