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
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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
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Example sentences for prepayment
Federal credit unions are also forbidden from charging prepayment penalties on loans.
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