prepayment
3
3.8
- noun
- /ˈpriːˌpeɪmənt/
:
prepago
- The contract stated that a prepayment would be necessary before the service could begin.
- prepayment rate
- prepayment penalties
- prepayment option
A large amount of Chinese lending to Russia was in the form of prepayments for oil deliveries through the Russia China oil pipeline.
- A large amount of Chinese lending to Russia was in the form of prepayments for oil deliveries through the Russia China oil pipeline.
Examples
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But you can fit this kind of prepayment surprisingly well.
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Default and prepayment rates vary considerably across geographic regions based on the time period being examined.
Academic text (2016) -
Commercial mortgage studies largely ignore prepayment risk, which is a major concern in residential mortgage studies.
Academic text (2016) -
There is also significant variation in the default and prepayment rates among property types and across geographic regions.
Academic text (2016) -
A large amount of Chinese lending to Russia was in the form of prepayments for oil deliveries through the Russia China oil pipeline.
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Follain, Ondrich, and Sinha (1997) find that the prepayment rate is very sensitive to changes in market interest rates.
Academic text (2016) -
To secure the reservation, a prepayment is required at the time of booking.
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Many utilities offer discounts for prepayment of monthly bills.
How Early
3
3.8
235
3.3
Surface Forms
Morphology
Etymology
Prepayment comes from the prefix pre- meaning 'before' and the verb pay meaning 'to give money'. So a prepayment is money you give 'before' something is due or before you get the goods or service, which is why hotels or companies ask for one to hold your booking.