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Prepayment
Meaning
Noun
●
A
payment
in advance.
●
In Accounting:
An
asset
recognized
in respect
an
expense
incurred
in a
period
for which the
benefit
will be
received
in a future
period
.
Sourced from
Wiktionary
Related
Reimbursement
Deposit
Fee
Installment
Payments
Deferral
Refinancing
Refund
Payment
Mortgage
Amortization
Credit
Disbursement
Loan
Debt
Deduction
Overdraft
Cancellation
Instalment
Fees
Accrual
Billing
Contract
Debenture
Purchase
Insurance
Rental
Liability
Borrower
Invoice
Cheque
Advance Payment
Credit Card
Direct Debit
Lump Sum
Balance Sheet
Bad Debt
Liquidated Damages
More
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