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What is another word for prepayment?

Pronunciation: [pɹɪpˈe͡ɪmənt] (IPA)

Prepayment refers to the act of paying for something ahead of time. It can also refer to an advance payment made toward a debt or loan. Synonyms for prepayment include advance payment, down payment, upfront payment, initial payment, deposit, and retainer. These terms all indicate a payment made before the delivery or completion of a product, service, or loan. They are commonly used in various industries such as real estate, banking, and construction. Using synonyms for prepayment can help add variety to your writing and communication while accurately conveying the idea of paying for something in advance.
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Synonyms for Prepayment:

What are the paraphrases for Prepayment?

Paraphrases are restatements of text or speech using different words and phrasing to convey the same meaning.
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What are the hypernyms for Prepayment?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Prepayment?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

What are the opposite words for prepayment?

Prepayment refers to paying in advance, which implies a sense of readiness and promptness. Hence, its antonyms convey the opposite meaning. One antonym for prepayment is "deferment," which means delaying payment or postponing it to a later date. Another antonym is "lateness," which indicates being late on payment or not paying in advance. Additionally, "credit" can be an antonym for prepayment, which refers to purchasing or rendering services on the condition of paying later. In contrast, prepayment's antonyms connote a sense of tardiness, reluctance, or hesitation. This emphasizes the significance of prepayment as an efficient method for managing financial transactions.

What are the antonyms for Prepayment?

Usage examples for Prepayment

'You'll want prepayment, no doubt!
"What's Mine's Mine V1"
George MacDonald
We would call the attention of merchants and indeed all who pay postage, to the advertisement of the postmaster, who offers to sell stamps of the value of five cents each for the prepayment of letters.
"History of the Postage Stamps of the United States of America"
John Kerr Tiffany
That from and after April 1st, 1855, prepayment by stamps, stamped envelopes or in money is compulsory.
"History of the Postage Stamps of the United States of America"
John Kerr Tiffany

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