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Definition of “pre-pay” - English Dictionary

"pre-pay" in Business English

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pre-payadjective [before noun]

(also prepay) uk   us  
UK COMMUNICATIONS relating to a mobile phone service 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 customers buying new handsets. pre-pay deals/offers/packages

pre-paynoun [U]

uk   us   COMMUNICATIONS
a mobile phone service that you pay for before making calls: Camera and videophone technology 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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