prepaying

Settling bills beforehand

Prepaying is paying for something before it's due or before receiving the goods or service.

You might prepay rent, prepay postage, or prepay a loan to reduce interest.

We prepaid the hotel to lock in the lower rate.

The practice often secures a discount or guarantees availability.

commitment

deposit

Place for safekeeping

earnest · escrow · reservation · binder · pledge · guarantee · promise · assurance · contract · obligation

security

collateral

Security for debt

safeguard · insurance · escrow · warranty · indemnity · surety · hedging · assurance · backstop · shielding

budgeting

allocation

Distribution of shares

forecast · savings · balance · capital · expenditure · affordability · costs · accounting · planning · provisioning

settlement

clearance

Permitted passage or approval

liquidation · payoff · remittance · completion · closure · reconciliation · amortization · redemption

Categories
Opposites
payment timing

prepayingCOD

Payment at doorstep

deferred payment · invoicing · buy now pay later · financing · cash on delivery

credit/deferred obligation

prepayingfinancing

Providing capital for purchases

charging · invoicing · billing · owing

Family

pay, payment, paying, repay, repayment, prepaid, repaying, prepay, repays

Familiarity
Top 200,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G