prepay

prepay
prepay pre‧pay [ˌpriːˈpeɪ] also pre-pay verb [intransitive, transitive]
1. to pay for something before you get it or before you use it :

• Don't pre-pay for vacations that carry heavy penalties if canceled.

2. FINANCE if you prepay a loan, you pay it back before the time when you have to pay it back:

• Some property owners requested permission to prepay their loans.

* * *

   Cash paid or lent to a company in exchange for a promise that it will deliver commodities at a later date.

Financial and business terms. 2012.

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Look at other dictionaries:

  • prepay — pre·pay /prē pā/ vt pre·paid, pre·pay·ing: to pay or pay the charge on in advance (as of date due or maturity date) no penalty for prepay ing your student loan pre·pay·ment n Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Prepay — Pre*pay , v. t. [imp. & p. p. {Prepaid}; p. pr. & vb. n. {Prepaying}.] To pay in advance, or beforehand; as, to prepay postage. [1913 Webster] …   The Collaborative International Dictionary of English

  • prepay — also pre pay, 1839, originally of postage, from PRE (Cf. pre ) + PAY (Cf. pay). Related: Prepaid …   Etymology dictionary

  • prepay — ► VERB (past and past part. prepaid) ▪ pay for in advance. DERIVATIVES prepayment noun …   English terms dictionary

  • prepay — [prē pā′] vt. prepaid, prepaying to pay or pay for in advance prepayment n …   English World dictionary

  • prepay — I UK [ˌpriːˈpeɪ] / US [ˌprɪˈpeɪ] verb [intransitive/transitive] Word forms prepay : present tense I/you/we/they prepay he/she/it prepays present participle prepaying past tense prepaid past participle prepaid to pay for something before the time… …   English dictionary

  • prepay — prepayable, adj. prepayment, n. /pree pay /, v.t., prepaid, prepaying. to pay or arrange to pay beforehand or before due: to prepay the loan. [1830 40; PRE + PAY1] * * * …   Universalium

  • prepay — verb To pay in advance, or beforehand; as, to prepay postage …   Wiktionary

  • prepay — transitive verb (prepaid; paying) Date: 1839 to pay or pay the charge on in advance • prepayment noun …   New Collegiate Dictionary

  • prepay — pre|pay [pri:ˈpeı] v past tense and past participle prepaid [I and T] to pay for something before you need it or use it >prepayment n [U and C] …   Dictionary of contemporary English

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