PREPAYMENT
prepayment
(noun) payment in advance
Source: WordNet® 3.1
Etymology
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.
Source: Wiktionary
Pre*pay"ment, n.
Definition: Payment in advance.
Source: Webster’s Unabridged Dictionary 1913 Edition
Recent Word Finds
Word of the Day
29 June 2025
ADMIRABLE
(adjective) deserving of the highest esteem or admiration; āan estimable young professorā; ātrains ran with admirable precisionā; āhis taste was impeccable, his health admirableā
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