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Definition of prepayment

prepayment

/ˌpriːˈpeɪmənt/
pre · pay · ment
Plural:prepayments
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prepayment Lexical Profile

prepayment Game Scores & Validity

• noun

1

The payment of a debt, bill, or charge before it is officially due, or the money paid in advance for goods or services.

Example

"The mortgage contract allows the borrower to make a full or partial prepayment without incurring any additional penalty."

Synonyms
View all synonyms for prepayment
Antonyms
View all antonyms for prepayment

• Rhymes for prepayment

• Nearby Words

prepasted
prepay
prepayable
prepayment
preplan
prepollex
preponderance

Cite this Entry

Wordmom. (2026). Definition of Prepayment. In Wordmom Dictionary. Retrieved Nov 5, 2026, from https://wordmom.com/dictionary/prepayment
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