Meaning of the word prepayment in English
What does prepayment mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
prepayment
US /ˌpriːˈpeɪ.mənt/
UK /ˌpriːˈpeɪ.mənt/
Noun
a payment made before it is due
Example:
•
The landlord requires a prepayment of the first and last month's rent.
•
Making a prepayment on your loan can save you money on interest.