prepay

[ pree-pey ]

verb (used with object)

, pre·paid, pre·pay·ing.

1. to pay or arrange to pay beforehand or before due:

   to prepay the loan.

prepay

/ priːˈpeɪ /

verb

1. tr to pay for in advance

Derived Forms

• preˈpayment, noun
• preˈpayable, adjective

Other Words From

• pre·paya·ble adjective
• pre·payment noun

Word History and Origins

Origin of prepay¹

First recorded in 1830–40; pre- + pay ¹

Example Sentences

It may not make sense to prepay a 3% mortgage when you can earn 5% on a certificate of deposit, for example.

From Los Angeles Times

Prebooking parking at the airport does not reserve a spot but rather allows travelers to prepay for a spot and often get a savings deal compared with the drive-up price.

From Seattle Times

Forever stamps, as most first-class stamps are now designated, will always prepay one ounce of a first-class letter, regardless of future rate increases.

From Washington Times

"For prepaying customers, when the money on the meter runs out and there's no means of topping up, so does the energy," he said.

From BBC

Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's proxy statement filed on Friday.

From Reuters

Related Words

• compensate
• disburse
• extend
• grant
• handle
• meet
• offer
• present
• refund
• reimburse
• repay
• settle