prepay

American  

[pree-pey] / priˈpeɪ /

verb (used with object)

prepaid, prepaying

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

   to prepay the loan.

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prepay British  

/ priːˈpeɪ /

verb

1. (tr) to pay for in advance

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Other Word Forms

• prepayable adjective
• prepayment noun

Etymology

Origin of prepay

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

Example Sentences

The speed at which mortgages prepay, including through refinancing, is important to investors in mortgage loans and the bonds that pool them.

From The Wall Street Journal

For example, a worker with a W-2 could sell some stock and, depending on the state, prepay the income tax on the profits.

From MarketWatch

“It’s a new story for them, and it is very simple to understand: Producing assets, no debt, no royalties, no prepays, no hedges, executing well, optionality, strong balance sheet,” Bond said.

From The Wall Street Journal

Goldman Sachs, for example, brought a California Community Choice prepay to market with Pacific Life Insurance as the funding recipient.

From Barron's

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.”

From The Wall Street Journal

Related Words

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