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Repayment vs Prepayment - What's the difference?

repayment | prepayment |

As nouns the difference between repayment and prepayment

is that repayment is the act of repaying while prepayment is a payment in advance.

repayment

English

Noun

(en noun)
  • the act of repaying
  • the money or other resource that is repaid

    • prepayment

    English

    Noun

    (en noun)
  • A payment in advance.

    • External links

    * ("prepayment" on Wikipedia)