Definition, Meaning & Synonyms
prepaid
Adjective
/ˌpriːˈpeɪd/
Definition
Paid for in advance rather than afterward.
Examples
- Many cell phone plans offer prepaid options that allow you to pay in advance for your minutes and data.
- He purchased a prepaid card to avoid incurring debt on his credit card.
- Some utilities offer prepaid billing, so you can pay for your usage before it occurs.
Meaning
Prepaid refers to a payment that has already been made before a service or product is received.
Synonyms
- advance payment
- prepaid service
- pre-purchase