prepay

[pree-pey]
verb (used with object), prepaid, prepaying.
to pay or arrange to pay beforehand or before due: to prepay the loan.

Origin:
1830–40; pre- + pay1

prepayable, adjective
prepayment, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
prepay (priːˈpeɪ)
 
vb , -pays, -paying, -paid
(tr) to pay for in advance
 
pre'payable
 
adj
 
pre'payment
 
n

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Sling it against the wall, then buy a prepaid phone and make some rum in your
  toilet.
Old toner cartridges can be slipped into prepaid mailing envelopes and returned
  to the manufacturer for recycling.
Charges will appear on your wireless bill, or be deducted from your prepaid
  balance.
To avoid being overcharged, catch a prepaid taxi from the airport.
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