- prepaid pre‧paid [ˌpriːˈpeɪd◂] also pre-paid adjective1. prepaid amounts are payments for things that you have not yet received:
• The pay phones are designed for phone cards and generate more than $2 billion in prepaid revenues.— see also freight prepaid2. FINANCE a prepaid loan is repaid to the lender before the normal time:
• The loan for the dam was prepaid after criticisms of the way the project was financed.3. a prepaid letter, envelope etc is one where the sender does not have to use a stamp; =POSTAGE-PAID:
• prepaid postcards and toll-free numbers4. INSURANCE prepaid insurance contracts are to pay for services that may be needed by the insured person in the future:
• Everyone has legal needs and the latest option is a prepaid package from Midwest Legal Services.
* * *prepaid UK US (also pre-paid) /priːˈpeɪd/ adjective (WRITTEN ABBREVIATION ppd.) COMMERCE► if a product or service is prepaid, it has already been paid for: »
Each advertisement runs six times and is $350 prepaid.»
Use a prepaid phone card if you're someone who rarely makes long-distance calls.»
A prepaid plan includes taxes, fees, and surcharges as well as minutes.
Financial and business terms. 2012.