Definition of prepay in English:

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prepay

Pronunciation: /prēˈpā/

verb (prepays, prepaying; past and past participle prepaid)

[with object] (usually as adjective prepaid)
Pay for in advance: prepaid health plans
More example sentences
  • Drivers could be required to prepay traffic fees, either online or at street-level vending machines.
  • Under these agreements the wholesaler prepays products and fuel sold through the on-reserve store.
  • Like America, we are prepaying the expected costs of a demographic bulge in retirement.

Derivatives

prepayable

adjective
Example sentences
  • That certainly might happen if lenders were prevented from providing sufficient liquidity for fixed-rate, easily prepayable mortgages.
  • Certain traffic and non-traffic offenses are prepayable.

prepayment

Pronunciation: /prēˈpāmənt/
noun
Example sentences
  • Postage stamps were originally construed as prepayment for the service of transporting letters and packages.
  • There are, however, times when prepayment is unavoidable.
  • The University of Berkley offers associate, bachelor's, master's, and doctoral degrees for a flat installment rate with a discount for prepayment.
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