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

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Word of the Day

16 November 2024

LEAVE

(verb) go and leave behind, either intentionally or by neglect or forgetfulness; “She left a mess when she moved out”; “His good luck finally left him”; “her husband left her after 20 years of marriage”; “she wept thinking she had been left behind”

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