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

25 February 2025

ENDLESSLY

(adverb) (spatial sense) seeming to have no bounds; “the Nubian desert stretched out before them endlessly”


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Coffee Trivia

According to Guinness World Records, the largest coffee shop is the Al Masaa Café, which has 1,050 seats. The coffee shop was inaugurated in Riyadh, Saudi Arabia, on 13 August 2014.

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