prepaid
UK: ˌpriːˈpeɪd | US: ˌpriːˈpeɪd
adj. paid for in advance
vt. to pay for something before it is received or used
The word "prepaid" combines the prefix "pre-" (from Latin prae-, meaning "before") with the past participle "paid" (from Old French paier, ultimately from Latin pacare, "to settle a debt"). The term emerged in the early 19th century to describe transactions where payment is completed prior to receiving goods or services, reflecting a logical progression from the concept of "paying beforehand."
She bought a prepaid phone card for her trip abroad.
The hotel requires a prepaid deposit to confirm your reservation.
Prepaid expenses are recorded as assets on the balance sheet.
He prefers prepaid subscriptions to avoid monthly bills.
The prepaid shipping label must be attached to the package.