What is the definition of Prepaid expenses? | Dictionary.net

PREPAID EXPENSES

\pɹɪpˈe͡ɪd ɛkspˈɛnsɪz], \pɹɪpˈe‍ɪd ɛkspˈɛnsɪz], \p_ɹ_ɪ_p_ˈeɪ_d ɛ_k_s_p_ˈɛ_n_s_ɪ_z]\

Definitions of PREPAID EXPENSES

1910 - Black's Law Dictionary (2nd edition)

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Recurring costs incurred by a firm that are settled before the actual incurrment of costs. They are the opposite of deferred charges and include costs such as rent, premiums, interests, etc

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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