The act of making a payment in advance, typically prior to receiving goods or services, to secure the transaction or ensure availability. pre-paying is often used in various industries, such as travel, utilities, and subscriptions, where advance payments are encouraged or required to facilitate services or products.
Pre-paying meaning with examples
- When booking our family vacation, we decided on pre-paying for our hotel room to guarantee we’d have the accommodations we wanted. Doing so allowed us to avoid any last-minute rate increases and ensure that our desired dates were secured prior to our arrival.
- To enjoy a seamless experience at the annual music festival, I opted for pre-paying for my tickets online. This decision not only saved me time at the gate but also offered me a discount, making the upfront investment worthwhile for an unforgettable weekend of music.
- Our utility provider offered a discount for pre-paying our monthly service upfront. By choosing to make a lump sum payment for the upcoming year, we not only saved money but also simplified our budget by eliminating the hassle of monthly billing.
- While renting a car for our road trip, I discovered that pre-paying for the vehicle could save us money on insurance and daily rates. We were able to secure the best deal available by committing to the purchase ahead of time, giving us peace of mind during our travels.