prepay

[pree-pey]

verb (used with object)

prepaid, prepaying 

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

Other Word Forms

• prepayable adjective
• prepayment noun

Word History and Origins

Origin of prepay¹

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

Example Sentences

S&P also said “Despite plans to prepay senior debt, leverage will likely remain elevated through 2026 and could rise further in a softening market environment.”

Read more on The Wall Street Journal

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

Read more on 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.

Read more on 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.

Read more on 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.

Read more on BBC

Related Words

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