Prepayment
Definition & Meaning
Part of speech noun
Quick meaning: Prepayment is a noun meaning A payment in advance.
Meaning
A payment in advance.
More Meanings
- (accounting) A cost paid in a fiscal year prior to the fiscal year in which the cost is recognized
Word Forms
- prepayments
- pre-payment
Related Words
Related dictionary entries include preview, foretaste, anticipated, anticipation, early, beforehand.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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