# prepayment

> English word · Noun · frequency rank #50,163

## Definitions
1. A payment in advance.
2. An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.

## Etymology
From pre- + payment.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/prepayment