PREPAYS Meaning and
Definition
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Prepays is a verb that is derived from the combination of the prefix "pre-" which indicates something that occurs before or in advance, and the verb "pays" which means to give money or settle a debt. The term "prepays" refers to the act of paying or settling a debt or obligation in advance or before it is due. It involves providing payment for a service, product, or expense before it is actually received or incurred.
When an individual or organization prepays for something, they typically remit the necessary funds in advance to ensure that the payment is made before the specified deadline. This can apply to a range of situations, including paying for a subscription service upfront, making regular loan payments before their scheduled dates, or settling a bill or invoice ahead of time. Prepays are often made to ensure prompt or timely delivery of goods or services, to take advantage of early payment discounts, or to establish financial stability or credibility.
Prepays are commonly seen in various industries, such as telecommunications, where individuals or businesses pay for their phone or internet services before using them. Similarly, individuals might opt to prepay their rent or utility bills to avoid any late fees or to simplify their financial planning. The act of prepaying can help individuals and organizations to better manage their finances, ensure smoother operations, and maintain positive relationships with vendors, suppliers, or service providers.
Top Common Misspellings for PREPAYS *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for PREPAYS
Etymology of PREPAYS
The word "prepays" is derived from the combination of two words: "pre-" and "pays".
The prefix "pre-" is derived from the Latin word "prae", which means "before" or "prior to". It is commonly used in English to indicate something that comes before or is done in advance.
The word "pays" originates from the Middle English word "payen", which means "to pay" or "to give money in return for something". It comes from the Old French word "paier" which has the same meaning. Ultimately, "payen" can be traced back to the Latin word "pacare", meaning "to pacify" or "to make peaceful".
When these two words are combined, the term "prepays" is formed, which refers to the action of paying in advance or making payment before it is due.
Conjugate verb Prepays
CONDITIONAL
I
would prepay
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FUTURE
I
will prepay
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FUTURE PERFECT
I
will have prepaid
we
will have prepaid
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will have prepaid
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will have prepaid
PAST
I
prepaid
we
prepaid
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prepaid
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prepaid
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prepaid
PAST PERFECT
I
had prepaid
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had prepaid
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had prepaid
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had prepaid
PRESENT
I
prepay
we
prepay
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prepay
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prepays
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prepay
PRESENT PERFECT
I
have prepaid
we
have prepaid
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have prepaid
he/she/it
has prepaid
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have prepaid
I
am prepaying
we
are prepaying
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are prepaying
he/she/it
is prepaying
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are prepaying
I
was prepaying
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were prepaying
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were prepaying
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was prepaying
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will be prepaying
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have been prepaying
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have been prepaying
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had been prepaying
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had been prepaying
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had been prepaying
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will have been prepaying
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will have been prepaying
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will have been prepaying
I
would have prepaid
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would have prepaid
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I
would be prepaying
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would have been prepaying
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would have been prepaying
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