Prepayment Meaning in English
word
परिभाषा
A prepayment is when you pay for something before it is due or before receiving the product or service. It is commonly used for loans, rent, or services.
उपयोग और बारीकियां
"Prepayment" is often formal and used in business, finance, or contracts. Common phrases: "prepayment penalty" (extra fee for early loan repayment), "make a prepayment", and "prepayment required" in service agreements. Don't confuse with "down payment" (initial part of a total payment).
उदाहरण वाक्य
Your prepayment will be deducted from the final bill.
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We offer a discount if you make a prepayment.
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Some loans have a prepayment penalty if you pay them off early.
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I made a prepayment for my new phone.
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The hotel requires prepayment for reservations.
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My landlord agreed to accept a six-month prepayment instead of monthly rent.
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