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Definitions from Wiktionary ()
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▸ noun: (accounting) An asset recognized in respect an expense incurred in a period for which the benefit will be received in a future period.
Similar:
forepayment,
forepay,
advance payment,
prepurchase,
deferral,
prepayment penalty,
anticipation,
advancement,
foregift,
prefinancing,
more...
Opposite:
Phrases:
Adjectives:
partial,
full,
such,
dental,
voluntary,
periodic,
early,
compulsory,
principal,
nonperiodic,
monthly
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