What's the difference between payment and prepayment?

Payment


Definition:

  • (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation.
  • (n.) That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return.
  • (n.) Punishment; chastisement.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
  • (3) The way we are going to pay for that is by making the rules the same for people who go into care homes as for people who get care at their home, and by means-testing the winter fuel payment, which currently isn’t.” Hunt said the plan showed the Conservatives were capable of making difficult choices.
  • (4) Focusing on two prospective payment systems that operated concurrently in New Jersey, this study employs the hospital department as the unit of analysis and compares the effects of the all-payer DRG system with those of the SHARE program on hospitals.
  • (5) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (6) But the company's problems appear to be multiplying, with rumours that suppliers are demanding earlier payment than before, putting pressure on HTC's cash position.
  • (7) Finally, before the advent of the third-party payment, operations were avoided because of the financial burden.
  • (8) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (9) In 2013 it successfully applied for a Visa Innovation Grant , a fund for development and non-profit organisations seeking to adopt or expand the use of electronic payments to those living below the poverty line.
  • (10) Pensioners, like those in receipt of long-term social welfare payments or those who can prove they cannot provide their heating needs during winter, are entitled to a means-tested weekly winter fuel allowance of €20 (£ 14.54) per household.
  • (11) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (12) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (13) Tomorrow the courts are expected to sign off a $97.5m payment by the company to its shareholders, after investors took a class action lawsuit against the company.
  • (14) The payments were for services ranging from "project management" to "HR consultancy", according to the academy chain's company accounts.
  • (15) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (16) In a 2011 interview with the Financial Times he said: “JPMorgan doesn’t have a chance in hell of not coming up with a big settlement.” He claimed: “There were people at the bank who knew what was going on.” The payment brings the total of fines imposed on JP Morgan to nearly $20bn in the past year.
  • (17) Gerson Zweifach, general counsel for both News Corp and 21st Century Fox , Murdoch’s film and TV business, said: “We are grateful that this matter has been concluded and acknowledge the fairness and professionalism of the Department of Justice throughout this investigation.” It is understood there has been no background settlement with the Department of Justice in order to avoid a full-blown investigation, contrary to speculation in New York over a year ago that the company was looking at a possible payment of over $850m.
  • (18) The payments are now more likely to made in shares issued monthly.
  • (19) Applications from Serbia, which account for 10% of the total, stem mostly from the dissolution of former Yugoslavia: payment of army reservists, access to savings in present-day Bosnia and Herzegovina, pensions in Kosovo.
  • (20) Without action today, the winter fuel payment would have decreased in value this coming winter.

Prepayment


Definition:

  • (n.) Payment in advance.

Example Sentences:

  • (1) It’s a damp squib, a bit of a nothing result,” a leading energy analyst said of a report that is widely expected to endorse provisional findings released in March , and recommend price controls on prepayment meters and setting up a customer database to help rival suppliers target customers stuck on expensive default tariffs.
  • (2) The three prepayment plans appealed to different population groups.
  • (3) Thus prepayment in an organized setting did change hospital and ambulatory care utilization but did not reduce medical care costs.
  • (4) A group practice prepayment plan in Baltimore had consumers on its governing board and, in alliance with a powerful medical institution, successfully organized around political, economic, and social issues.
  • (5) Ofgem data showed that in 2014 around 130,000 electricity and 103,000 gas customers switched to credit meters – just 3% of all prepayment customers.
  • (6) A spokesman for Ofgem says: "The supplier is obligated to supply information on how a customer can obtain assistance if a prepayment meter is not operating effectively, including details of timescales for removal and resetting of the meter if that action is necessary."
  • (7) We studied the impact on use of services of only one factor-prepayment at the Marshfield Clinic, Wisconsin--with all other factors, including group practice, held constant.
  • (8) He added: “Tens of millions of pounds have been spent by the CMA and the companies themselves just to produce this low-key set of remedies.” Atherton is not convinced about the value of plans to cap prepayment meter bills and introduce an industry-wide customer database controlled by the industry regulator, Ofgem.
  • (9) Our research shows many prepay meter customers have to fork out hundreds of pounds more than those on online direct debit deals.
  • (10) The slow adoption of sealants into dental practice is attributed partly to the fact that few prepayment plans pay for sealants.
  • (11) The curative health services are decentralized and provide care through a variety of plans which combine capitation prepayment and modified fee-for service.
  • (12) He told MPs: "The initial phase of [a government] review has concluded and we will shortly start a consultation on a range of options, including plans to extend charging to some visitors and temporary residents who were previously exempt so that the default qualification for free NHS care would be permanent, not temporary, residence; ending free access to primary care for all visitors and tourists; introducing a prepayment or insurance requirement for temporary visitors to pay for NHS healthcare; and improving how the NHS can identify, charge and recover charges where they should apply.
  • (13) Employees joining or not joining three newly marketed prepayment plans were surveyed during the first marketing period and during another open enrollment period 18 months later.
  • (14) The CMA said it was considering remedies to fix the market, including removing barriers to switching, possible price controls and measures to prompt prepayment customers to switch by allowing other suppliers to contact them to offer better tariffs.
  • (15) In most respects, there were no adverse effects on the work relations of physicians, in the perceived quality of medical care, or in the institutional performance of physicians at the nine participating hospitals after the introduction of prepayment.
  • (16) Giving prepay meter customers a better deal is a crucial part of this.” Co-operative Energy said it was cutting its prepayment rates.
  • (17) Medicare will not be the only benefactor of this new scheme as prepayment spreads to other payors and providers of health care.
  • (18) In addition, although about one-half of persons with psychiatric disorders are believed to have their only contact with health care providers in the primary care sector, research findings suggest that depression often remains undetected and untreated in this secto; and there have been few data on how appropriateness of care for depression differs for patients in different health care delivery systems, or whose care is financed by prepayment or fee-for-service arrangements.
  • (19) Citizens Advice called for an extension of a recent price cap by the regulator Ofgem for 4m households on prepayment meters .
  • (20) A number of trends over the past decade predict that this transference to prepayment will continue in the future and will have a profound impact on the future practice of family medicine.

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