PREPAYMENT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does prepayment mean? 

• PREPAYMENT (noun)
  The noun PREPAYMENT has 1 sense:

1. payment in advance

  Familiarity information: PREPAYMENT used as a noun is very rare.

 Dictionary entry details 

• PREPAYMENT (noun)

Sense 1

Meaning:

Payment in advance

Classified under:

Nouns denoting acts or actions

Hypernyms ("prepayment" is a kind of...):

defrayal; defrayment; payment (the act of paying money)

Derivation:

prepay (pay for something before receiving it)

 Context examples 

Fee-for-service plans contrast with salary, per capita, and prepayment systems, where the payment does not change with the number of services actually used or if none are used.

(Fee for Service Payment Method, NLM, Medical Subject Headings)

Organized systems for providing comprehensive prepaid health care that have five basic attributes: (1) provide care in a defined geographic area; (2) provide or ensure delivery of an agreed-upon set of basic and supplemental health maintenance and treatment services; (3) provide care to a voluntarily enrolled group of persons; (4) require their enrollees to use the services of designated providers; and (5) receive reimbursement through a predetermined, fixed, periodic prepayment made by the enrollee without regard to the degree of services provided.

(Health Maintenance Organization, NLM, Medical Subject Headings)