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English definition of “prepaid”

prepaid

adjective (also pre-paid)
 
 
/priːˈpeɪd/ (written abbreviation ppd.) COMMERCE
if a product or service is prepaid, it has already been paid for: Each advertisement runs six times and is $350 prepaid. Use a prepaid phone card if you're someone who rarely makes long-distance calls. A prepaid plan includes taxes, fees, and surcharges as well as minutes.
(Definition of prepaid from the Cambridge Business English Dictionary © Cambridge University Press)
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