Synonyms

prepay

American

[pree-pey] / priˈpeɪ /

verb (used with object)

prepaid, prepaying

to pay or arrange to pay beforehand or before due.

to prepay the loan.

prepay British

/ priːˈpeɪ /

verb

(tr) to pay for in advance

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

prepayable adjective
prepayment noun

Etymology

Origin of prepay

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

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

It may be more difficult for someone with a mortgage to prepay their real-estate taxes, because their mortgage servicer may pay their local taxes and homeowners insurance through an escrow account.

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023