prepays; prepaid
-ˈpeɪd 
; prepaying
; prepaying
1
: to pay for (something) before you receive or use it
Special orders must be prepaid.
2
: to pay (something) before you are required to pay it
There is no penalty for prepaying the loan. [=for paying what you owe sooner than you have agreed to]
Cite this Entry
“Prepay.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/prepay. Accessed 22 Jun. 2026.
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