The meaning of PREPAY is to pay or pay the charge on in advance. How to use prepay in a sentence.

2024年7月18日 · Prepayment is the satisfaction of a debt before its official due date, such as paying a mortgage loan off early.

Definition. Prepayment is an accounting term referred to the types of expenses not incurred yet but for which payment is made in advance.

Definition: A prepayment is the sum paid for goods or services before their receipt or invoiced due date. In other words, a company has ordered and paid for goods or services but has not received anything yet.

2021年6月10日 · Prepayments are the payment of expenses or debt obligations ahead of the due date. It also includes the advance payment to vendors before the arrival of goods or services. They are not always rewarding, especially with debt repayments, as advance settlements result in loss of income to the lender.

PRE-PAYMENT definition: 1. the act of paying for something before you receive it, or the amount of the payment: 2. the act…. Learn more.

2024年8月22日 · In essence, a prepayment represents advance payments made by a business for goods or services that will be received in a future period. It’s important to note that any payment completed in advance of the official delivery of a …

2024年12月21日 · What is Prepayment? Prepayment is a financial term that refers to early repayment of loans, mortgages, or any debt payment before the due date arrives. It is commonly stated as an advance payment of the settlement of any debt loan or expense.

2024年2月21日 · Prepayment refers to paying off a debt or loan before its scheduled due date, resulting in interest savings and potentially shortening the repayment period. There are two primary types of prepayment: Full Prepayment (paying off the entire remaining balance in one lump sum) and Partial Prepayment (paying off a portion of the remaining balance).

Prepayment refers to the process of paying off a loan or mortgage before its scheduled due date. Prepayment allows borrowers to pay off all or part of their outstanding loan balance earlier than agreed, which can lead to lower overall interest costs and a shorter repayment period .