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prepay |
Also found in: Dictionary/thesaurus, Financial | 0.02 sec. |
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prepay verb defray in advance, discharge in advance, give compensation for in advance, make payment in addance, meet the bill ahead of time, pay in advance, presettle, satisfy in advance, settle in advance, tender in advance Associated concepts: prepayment clause How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The agreements provide that the tuition prepayments are nonrefundable, and once paid become the sole properly of the school. In PLR-200602002 (PLR-110328-05), the IRS informed a taxpayer that prepayments of multiple years of tuition for the taxpayer's grandchildren would not be considered a taxable gift. Prepayments on mortgages, which have risen five-fold so far this year, hurt investors in the $2. |
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