prepayment

English

Alternative forms

  • pre-payment

Etymology

From pre- +‎ payment.

Pronunciation

  • Audio (US):(file)

Noun

prepayment (plural prepayments)

  1. A payment in advance.
  2. (accounting) An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.

Derived terms

Translations

Further reading

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