CEFR B2

prepayment

noun

Meaning

Payment made in advance of receiving goods or services.

Examples

The contract requires a small prepayment to secure the reservation for the venue.
Many utility companies offer a discount if you choose the prepayment option for your monthly bill.

Synonyms: deposit, advance, down payment, remittance

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prepayment (B2)

noun

Pronunciation: /priːˈpeɪmənt/

Definition

Payment made in advance of receiving goods or services.

Examples

The contract requires a small prepayment to secure the reservation for the venue.
Many utility companies offer a discount if you choose the prepayment option for your monthly bill.
The bank penalized the borrower for making a large prepayment on the mortgage before the agreed date.

Synonyms of prepayment

Words with a similar meaning to prepayment:

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