prepayments
Funds paid beforehand
Prepayments are payments made before they're due or before goods and services are received.
In accounting, prepayments appear as assets—money spent now for future benefit: prepaid rent, prepaid insurance.
The singular prepayment often describes paying off a loan early: The mortgage allows prepayment without penalty.
Chief school administrator
- amortizationGradual debt reduction schedule
- interestAttention, stake, or fee
- installmentsPeriodic partial payments
- penaltyPunishment for wrongdoing
schedule · balance · redemption · settlement · disbursement · servicing · acceleration · lump-sum
Initial payment toward purchase
- retainerUpfront professional fee
- earnestSincerely intense in purpose
- reservationAdvance arrangement to hold
- depositPlace for safekeeping
advance · pledge · commitment · guarantee · escrow · good-faith · holdback · upfront
Conditional third-party deposit
- principalChief school administrator
- equityImpartial treatment or ownership value
- homeownershipLegally possessing residential property
- downpaymentInitial payment toward purchase
refinance · insurance · fixed-rate · adjustable-rate · lender · borrower · loan-to-value · amortization
Net money movement
- forecastingEstimating future conditions
- planningArranging for future events
- allocationDistribution of shares
- savingsAccumulated money kept
projection · financial · estimation · expenses · outlay · capital · liquidity · timing
Item of value owned
- accrualIncremental addition over time
- amortizationGradual debt reduction schedule
- recognitionPerceiving something as known
- adjustmentAlteration to improve fit
ledger · write-off · pro-rata · accounts · reconciliation · unbilled · booking · capitalization
principal
Chief school administrator
- amortizationGradual debt reduction schedule
- interestAttention, stake, or fee
- installmentsPeriodic partial payments
penalty · schedule · balance · redemption · settlement · disbursement · servicing · acceleration · lump-sum · refinance
downpayment
Initial payment toward purchase
- retainerUpfront professional fee
- earnestSincerely intense in purpose
- reservationAdvance arrangement to hold
deposit · advance · pledge · commitment · guarantee · escrow · good-faith · holdback · upfront · non-refundable
escrow
Conditional third-party deposit
- principalChief school administrator
- equityImpartial treatment or ownership value
- homeownershipLegally possessing residential property
downpayment · refinance · insurance · fixed-rate · adjustable-rate · lender · borrower · loan-to-value · amortization · curtailment
cashflow
Net money movement
- forecastingEstimating future conditions
- planningArranging for future events
- allocationDistribution of shares
savings · projection · financial · estimation · expenses · outlay · capital · liquidity · timing · reserves
asset
Item of value owned
- accrualIncremental addition over time
- amortizationGradual debt reduction schedule
- recognitionPerceiving something as known
adjustment · ledger · write-off · pro-rata · accounts · reconciliation · unbilled · booking · capitalization
prepaymentsaccounts payable
Outstanding debts to suppliers
accruals · unearned income · deferred income · payables · liabilities
- prepayment planEarly settlement schedule
- prepayment penaltyFee for accelerated loan closure