early payment
Settling debt ahead
Early payment is paying before the due date or expected time.
In business contexts, early payment often earns a discount: The invoice offered 2% off for early payment within ten days.
Early payment of a loan reduces total interest owed.
The term also appears in contexts where paying ahead signals good faith or secures priority.
- advanceMove or progress forward
- depositPlace for safekeeping
- installmentPeriodic partial payment
- discountReduced price offered
- cash discountReduced price for immediate payment
invoice · rebate · due date · settlement · prompt · cash · savings · credit · credit terms · billing · accounts · balance · payoff · remittance · incentive · terms · vendor · supplier
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- procurementprocurement, purchasing, purchase order, bidding, subcontract
- Payment Typesinstallments, autopay, direct deposit, wire transfer, layaway
- money customstipping, gratuity, gratuities, tip jar, splitting the bill
early paymentlate payment
Remittance past its deadline
overdue payment · back payment · late fee · arrears · on-time payment
early paymentnonpayment
Failure to settle debts
default · payment default · delinquency · arrears · failure to pay
early, payment, earlier, earliest, earliness, paying, payable, payer, prepay