prepayment
English
    
    Alternative forms
    
- pre-payment
Noun
    
prepayment (plural prepayments)
- A payment in advance.
- (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
    
payment in advance
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Further reading
    
 prepayment on  Wikipedia.Wikipedia prepayment on  Wikipedia.Wikipedia
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