Definitions for prepaid
This page provides all possible meanings and translations of the word prepaid
used especially of mail; paid in advance
paid for in advance
Prepayment for service
Prepaid refers to services paid for in advance. Examples include postage stamps, Attorneys, tolls, transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards. Prepaid services and goods are sometimes targeted to marginal customers by retailers. Prepaid options can have substantial cost reductions over postpaid counterparts because they allow customers to monitor and budget usage in advance. Unlike postpaid or contract based services, prepaid accounts can be obtained with cash. As a result, they can be established by people who have minimal identification or poor credit ratings. Minors, immigrants, students, defaulters, and those on low incomes are typical prepaid customers.
Sample Sentences & Example Usage
With a prepaid, you don't run that risk because they could wipe out the account, but not the whole checking account.
The fact that you scheduled and prepaid for it, you’ll know how much you’re going to spend before you leave, look for tours at historical sites, restaurants, breweries and wineries — these are very interesting and often free.
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Translations for prepaid
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