verb
- paying for something in advance before receiving it or before it is due
Usage: present participle of prepay
Examples
- She is prepaying her rent for the next three months.
- The company offers a discount for customers prepaying their annual subscription.
- By prepaying the mortgage, they saved thousands in interest.
- He’s prepaying his phone bill to avoid late fees.
- The hotel requires prepaying for the room reservation.
- They are prepaying their taxes to avoid penalties.