prepayment

English

Alternative forms

• pre-payment

Etymology

From pre- +‎ payment.

Pronunciation

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• Audio (US):

  (file)

Noun

prepayment (plural prepayments)

1. A payment in advance.
2. (accounting) An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.

Derived terms

• nonprepayment
• prepayment penalty

Translations

payment in advance

Chinese: Mandarin: 預付 / 预付 (zh) (yùfù), 先付 (zh) (xiānfù) Finnish: ennakkomaksu (fi), ennakko (fi); (if it is considered "credit expected to be paid in a latter accounting period") siirtosaaminen French: prépaiement (fr) m German: Vorauszahlung (de) f Greek: προκαταβολή (el) f (prokatavolí), προπληρωμή (el) f (propliromí) Irish: réamhíocaíocht f, íocaíocht roimh ré f Italian: anticipo (it) Japanese: 元払い (もとばらい, motobarai) Norwegian: Bokmål: forhåndsbetaling m or f Polish: przedpłata (pl) f Russian: предопла́та (ru) f (predopláta), ава́нс (ru) m (aváns)

Further reading

• prepayment on Wikipedia.Wikipedia