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The act of paying all or a portion of an outstanding loan balance prior to the contractually agreed date for such payment.
Prepayment (Wikipedia)
Prepayment may refer to:
- Prepaid mobile phone, mobile phone use
- Prepayment for service, e.g. phone calls
- Prepayment of loan, repaying a loan ahead of schedule
- Deferred expense in accounting
- Stored-value card (see also: Credit card#Prepaid cards)
This disambiguation page lists articles associated with the title Prepayment.
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Prepayment (Wiktionary)
English
Etymology
pre- + payment
Noun
prepayment (plural prepayments)
- A payment in advance.
- (accounting) An asset recognized in respect
