prepayment

Definition

The payment of all or part of a debt prior to its due date.

Use prepayment in a sentence

You may want to ask for some prepayment if you do not have any past dealings with a new client.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Grandma was dying of cancer and decided to make an arrangement with a local funeral director by providing a prepayment.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

She would have paid off the loan a lot sooner, but the bank had included a fee for prepayment and she didn't want to have to pay extra just to be rid of it.

​ Was this Helpful? YES  NO 25 out of 25 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
cross calling prepayment penalty