pre-pay Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “pre-pay” in the English Dictionary

"pre-pay" in Business English

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pre-payadjective [before noun]

(also prepay) uk   us  
UK COMMUNICATIONS relating to a ​mobilephoneservice that you ​pay for before making ​calls, rather than receiving an ​invoice for them later: Even the most basic pre-pay ​phone will ​enable you to make and receive ​calls and ​texts. Sales ​surged 37% thanks partly to prepay ​customersbuying new ​handsets. pre-pay ​deals/​offers/​packages

pre-paynoun [U]

uk   us   COMMUNICATIONS
a ​mobilephoneservice that you ​pay for before making ​calls: Camera and ​videophonetechnology are ​available at good ​prices on pre-pay.

pre-payverb

uk   us  
[I or T] MARKETING, COMMERCE to ​pay for a ​product or ​service before you receive it: Reservations will go only to those ​willing to prepay for their ​rooms.
[T] FINANCE to ​pay back all or ​part of a ​debt before you have to: When ​homeowners refinance or prepay their ​loans, ​investors get their ​money back sooner than expected, ​reducing the ​bonds' ​returns.
(Definition of pre-pay from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “pre-pay”
in Chinese (Simplified) (移动电话)预付话费的…
in Chinese (Traditional) (行動電話)預付話費的…
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“pre-pay” in Business English

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