prepayment

🇺🇸 /ˌpriːˈpeɪmənt/ 🇬🇧 /ˌpriːˈpeɪmənt/
Frequency
Difficulty
Tags RARE
noun
R

A payment made before the due date or before receiving the goods or services.

The company required a prepayment of 50% before starting the project.

translation

n. A payment made before the due date or before receiving the goods or services.

Word Forms

Plural prepayments