What is the definition of Prepayment? | Dictionary.net

PREPAYMENT

\pɹɪpˈe͡ɪmənt], \pɹɪpˈe‍ɪmənt], \p_ɹ_ɪ_p_ˈeɪ_m_ə_n_t]\

Definitions of PREPAYMENT

2006 - WordNet 3.0
2011 - English Dictionary Database
2010 - New Age Dictionary Database
1910 - Black's Law Dictionary (2nd edition)

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Payment in advance.

2006 - WordNet 3.0
By Princeton University

Payment in advance.

2011 - English Dictionary Database
By DataStellar Co., Ltd

Payment in advance.

2010 - New Age Dictionary Database
By Oddity Software

Early mortgage payment due to the sale of the home or refinancing to get a better interest rate. Refer to model and speed.

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

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