pre-pay
adjective[before noun]
(alsoprepay)ukusCOMMUNICATIONSUK
relatingto amobilephoneservicethat youpayfor before makingcalls,ratherthanreceivinganinvoicefor themlater:
Even the mostbasicpre-payphonewillenableyou to make andreceivecallsandtexts.
Salessurged37%thankspartlytoprepaycustomersbuyingnewhandsets.
pre-paydeals/offers/packages
pre-pay
noun[U]
COMMUNICATIONSukusamobilephoneservicethat youpayfor before makingcalls:
Camera andvideophonetechnologyareavailableat goodpriceson pre-pay.
pre-pay
verb
ukus[IorT]MARKETING,COMMERCE
topayfor aproductorservicebefore youreceiveit:
Reservations will go only to thosewillingto pre-pay fortheirrooms.
[T]FINANCE
topayback all orpartof adebtbefore you have to:
Whenhomeownersrefinance or prepaytheirloans,investorsgettheirmoneybacksoonerthanexpected,reducingthebonds'returns.