pre-payadjective [ before noun ]
also prepay ukusUK COMMUNICATIONS relating to a mobile phone service that you pay for before making calls, rather than receiving an invoice for them later:
Even the most basic pre-pay phone will enable you to make and receive calls and texts.
Sales surged 37% thanks partly to prepay customers buying new handsets.
pre-pay deals/offers/packages
pre-paynoun [ U ]
ukusCOMMUNICATIONSa mobile phone service that you pay for before making calls:
Camera and videophone technology are available at good prices on pre-pay.
pre-payverb
ukus[ I or T ] MARKETING, COMMERCE to pay for a product or service before you receive it:
Reservations will go only to those willing to prepay for their rooms.
[ T ] FINANCE to pay back all or part of a debt before you have to:
When homeowners refinance or prepay their loans, investors get their money back sooner than expected, reducing the bonds' returns.