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Definition of «prepaid»

The term prepaid refers to something that is paid for in advance, before it is received or used. This can apply to a variety of services and products, such as prepaid phone cards, prepaid credit cards, prepaid utilities, and more. The idea behind prepayment is to make payment easier by allowing customers to pay for goods or services ahead of time, rather than having to worry about making regular payments or dealing with bills.

Usage examples

  1. Purchasing a prepaid phone card to make long-distance calls.
  2. Using a prepaid debit card to control and track personal spending.
  3. Buying a prepaid gift card to give as a present.
  4. Signing up for a prepaid mobile phone plan without a contract.
  5. Paying for prepaid parking at a parking garage or meter.
  6. Loading a prepaid travel card with foreign currency before going on a trip.
  7. Getting a prepaid subscription for a streaming service or magazine.

Phrases with «prepaid»

Sentences with «prepaid»

  • Since you don't have any checking account for prepaid cards, they are not linked to any account. (myfinancekits.com)
  • If your goal is to ultimately dig your way out of a bad credit situation, you should use secured credit cards instead of prepaid debit cards. (valuepenguin.com)
  • Consumers who don't qualify for bank accounts remain the primary target audience for prepaid debit cards. (novelinvestor.com)
  • (see all sentences)

See also

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