Prepay

/priːˈpeɪ/

Meaning & Definition

verb

To pay for a service or product in advance.

I decided to prepay for my hotel room to secure the best rate.

To make a payment on a loan or credit account before it is due.

She chose to prepay a portion of her mortgage to save on interest.

To pay a subscription fee or similar charge before the billing cycle begins.

Subscribers can prepay for the entire year and receive a discount.

From 'pre-' meaning before + 'pay'.

prepay options

Choices available for paying in advance.

prepay plan

A structured plan allowing advance payments for services.

prepayment

The act of paying in advance for goods or services.

installment

A portion of a total due amount that is paid at a specific time.

Pay to play

You have to prepay for your tickets; it's a pay to play situation.

Upfront payment

This is an upfront payment deal; you need to prepay to secure your spot.