Prepays
Definitions
- (v.) Third-person singular present tense of prepay, meaning to pay in advance.
The tenant prepays rent each month before the due date.
Related terms
See also
Commentary
Used primarily in contractual and financial contexts to refer to an advance payment obligation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.