prepayment plan
Pay-ahead payment schedule
A prepayment plan is an arrangement where you pay for goods or services in advance, typically in installments before delivery or completion.
Common with funerals, tuition, and major purchases, these plans let buyers lock in current prices or spread costs over time: They set up a prepayment plan for their daughter's braces.
- installmentPeriodic partial payment
- subscriptionPaid recurring access
- layawayDeferred purchase arrangement
- depositPlace for safekeeping
- advanceMove or progress forward
monthly · automatic · direct debit · recurring · deduction · premium · balance · contract · billing · budget billing · dues · scheduled · commitment · enrollment · membership · budget · autopay · escrow
prepayment planpay-as-you-go
Immediate settlement required
postpaid · deferred payment · pay later · buy now pay later · pay-per-use
prepayment, prepay, prepaid, payment, payments, paying, payer, payers, payable