What does prepayment mean?
Definitions for prepayment
pre·pay·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word prepayment.
Princeton's WordNet
prepaymentnoun
payment in advance
Wiktionary
prepaymentnoun
A payment in advance.
ChatGPT
prepayment
Prepayment refers to the payment of a debt or obligation in full before it is due or expected. This can include early loan repayments, payments of goods or services in advance, or any other financial arrangement where money is paid upfront prior to receiving the service or product. Prepayment can sometimes result in penalties or discounts, depending on the terms defined by the lender or service provider.
Webster Dictionary
Prepaymentnoun
payment in advance
Matched Categories
Numerology
Chaldean Numerology
The numerical value of prepayment in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of prepayment in Pythagorean Numerology is: 7
Examples of prepayment in a Sentence
In effect, the Billionaire Minimum Income Tax payments are a prepayment of tax obligations these households will owe when they later realize their gains, this approach means that the very wealthiest Americans pay taxes as they go, just like everyone else, and eliminates the inefficient sheltering of income for decades or generations.
Energy Minister Alexander Novak:
We are counting on a new prepayment for Russian gas being made on time ... There should be no break in gas supplies to European customers.
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Translations for prepayment
From our Multilingual Translation Dictionary
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"prepayment." Definitions.net. STANDS4 LLC, 2023. Web. 6 Dec. 2023. <https://www.definitions.net/definition/prepayment>.
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