prepayment
English
Alternative forms
- pre-payment
Noun
prepayment (plural prepayments)
- A payment in advance.
- (accounting) An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.
Derived terms
Translations
payment in advance
|
Further reading
- prepayment on Wikipedia.Wikipedia
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.