Prepayment (other)
Prepayment may refer to: * Prepaid mobile phone, mobile phone use * Prepayment for service, e.g. phone calls, electricity * Prepayment of loan, repaying a loan ahead of schedule * Deferred expense in accounting Other disambiguation pages: * Prepaid card (other), Prepaid card * Prepayment meter (other), Prepayment meter See also

* Subscription business model {{disambiguation ...
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Prepaid Mobile Phone
A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, or prepay, is a mobile device such as a smartphone, phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed. If there is no credit, then access is denied by the cellular network or Intelligent Network. Users can top up their credit at any time using a variety of payment mechanisms such as the Pay as you go, Pay-as-you-go (PAYG). In 2020, 155 countries had the mandatory SIM registration laws for the prepaid mobile SIM cards such as the mandatory Know Your Customer (KYC) or other type of Identity verification service, legal identification verification at the point of sale to prevent the anonymous use of unregistered prepaid mobile which facilitates criminal or terrorist activities. A burner phone is a prepaid phone number specifically purchased without the Kn ...
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Prepayment For Service
Prepaid refers to goods and services paid for in advance. Examples include postage stamps, attorneys, tolls, public transit cards like the Greater London Oyster card, pay as you go cell phones, and stored-value cards such as gift cards and preloaded credit cards. Prepaid services and goods are sometimes targeted to marginal customers by retailers. Unlike postpaid or contract based services, prepaid accounts can be obtained with cash. As a result, they can be established by people who have minimal identification or poor credit ratings. Minors, immigrants, students, defaulters, and those on low incomes are typical prepaid customers. In accounting terms, a prepayment is treated as an asset by a buyer, and as a liability by a seller.AccountingTools LLC.How to account for prepayments published 19 June 2023, accessed 15 November 2023 Prepaid mobile phones Recent statistics (OECD ''Communications Outlook'' 2005) indicate that 40% of the total mobile phone market in the ...
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Prepayment Of Loan
Prepayment is the early repayment of a loan by a borrower, in part (commonly known as a curtailment) or in full, often as a result of optional refinancing to take advantage of lower interest rates.Lemke, Lins and Picard, ''Mortgage-Backed Securities'', Chapter 4 (Thomson West, 2013 ed.). In the case of a mortgage-backed security (MBS), prepayment is perceived as a financial risk—sometimes known as "call risk"—because mortgage loans are often paid off early in order to incur lower interest payments through cheaper refinancing. The new financing may be cheaper because the borrower's credit has improved or because market interest rates have fallen; but in either of these cases, the payments that ''would have been made'' to the MBS investor would be above current market rates. Redeeming such loans early through prepayment reduces the investor's upside from credit and interest rate variability in an MBS, and in essence forces the MBS investor to reinvest the proceeds at lower ...
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Deferred Expense
In accounting, a deferral is any account where the income or expense is not recognised until a future date. In accounting, deferral refers to the recognition of revenue or expenses at a later time than when the cash transaction occurs. This concept is used to align the reporting of financial transactions with the periods in which they are earned or incurred, according to the matching principle and revenue recognition principle. Deferrals are recorded as either assets or liabilities on the balance sheet until they are recognized in the appropriate accounting period. Two common types of deferrals are deferred expenses and deferred income. A deferred expense represents cash paid in advance for goods or services that will be consumed in future periods. On the other hand, deferred income (or deferred revenue) is a liability that arises when payment is received for goods or services that have yet to be delivered or fulfilled. Deferred charge A deferred charge is a cost recorded i ...
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Prepaid Card (other)
Prepaid card may refer to: * Prepaid debit card, a card that debits money from an associated account that ordinarily requires use of a PIN code for verification * Prepaid credit card, a card that debits money from an associated account that ordinarily uses a signature rather than a PIN for verification * Stored-value card A stored-value card (SVC) or cash card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial institution. This means no network access is required by the payment collection termi ...

Prepayment Meter (other)
Prepayment meter can refer to: * Electricity meter * Water meter * Gas meter * Parking meter Other disambiguation pages: * Pay as you go (other) Pay as you go or PAYG may refer to: Finance * Pay-as-you-go tax, or pay-as-you-earn tax * Pay-as-you-go pension plan * PAYGO, the practice in the US of financing expenditures with current funds rather than borrowing * PAUG, a structured financia ... * Prepayment (other) {{disambiguation ...
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