prepay

Remit in advance

To prepay is to pay for something before receiving it or before payment is due: prepaid postage, a prepaid phone plan.

The practice is common with services, subscriptions, and shipping costs.

Prepayment may secure a discount or guarantee availability.

commitment

subscription

Paid recurring access

mortgage · rent · deposit · retainer · reservation · installment · downpayment · layaway · enrollment · booking

transaction

deposit

Place for safekeeping

advance · escrow · earnest · voucher · preorder · prebook · reserve · lock-in · ante · credit

security

deposit

Place for safekeeping

protection · surety · bond · escrow · pledge · safeguard · warranty · backing · retainer · earnest

budgeting

upfront

Direct and honest

savings · cashflow · expenses · affordability · costs · expenditure · income · balance · money · capital

convenience

hassle-free

Without difficulty or annoyance

efficiency · ease · simplicity · readiness · immediacy · quick-service · self-service

planning

forecasting

Estimating future conditions

arrangement · provisioning · forward-thinking · proactive · ahead-of-time

Categories
Opposites
timing of payment

prepaypostpay

Billed after usage

pay later · deferred payment · COD · cash on delivery · settle up

credit vs. advance payment

prepaybuy now pay later

Installment option at checkout

charge · finance · invoice · owe

Phrases
Family

prepaid, prepayment, prepaying, prepayments, prepays, prepayable

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G