Definition of prepay in US English:

prepay

verb

[with object]usually as adjective prepaid
  • Pay for in advance.

    ‘prepaid health plans’
    • ‘The state of Florida has the longest operating prepay program.’
    • ‘It is on the simplest prepay tariff, which I use because I do not know how long I am going to be in Britain and I do not wish to commit myself to a fixed term contract.’
    • ‘Yes, there is some portion of the travelling population that pays a cash fare every day and it is desirable for these people to instead use some prepay method in order to save time and resources.’
    • ‘The survey found that 45% of adult prepay customers could save money by switching to a contract.’
    • ‘Regional terminals in the Corn Belt quit taking orders for prepay ammonia in mid-December.’
    • ‘The prepay phone is a mass-market model and does not normally sit comfortably with a company whose culture is centered on differentiation.’
    • ‘You may choose any amount between $5 and $35, and prepay the number of months you desire.’
    • ‘Drivers could be required to prepay traffic fees, either online or at street-level vending machines.’
    • ‘However, analysts say heavy promotions and free prepay cards and handsets are destroying value in the sector.’
    • ‘Under these agreements the wholesaler prepays products and fuel sold through the on-reserve store.’
    • ‘After prepaying part of the business loan and setting aside funds for capital reserves, cash patronage refunds were distributed at the first annual meeting.’
    • ‘Like America, we are prepaying the expected costs of a demographic bulge in retirement.’
    • ‘There's no penalty for prepaying your student loans, so you can shorten your loan term by making extra payments.’
    • ‘There's no penalty for prepaying your loans, but extending the repayment period gives you the option of making smaller payments when money is tight.’
    • ‘Employers prepay for spaces in designated centres.’

Pronunciation

prepay

/prēˈpā//priˈpeɪ/