Definition of "prepaid" []

• Simple past tense and past participle of prepay. (verb)
• Paid for in advance (adjective)

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• "BACH: The college savings plan is what we call a prepaid plan."
• "The carrier specializes in prepaid wireless voice and data services that offer users less costly alternatives to contract-based postpaid services."
• "Despite the growth in prepaid calling as the economy falters, AT&T picked up fewer prepaid subscribers this quarter as compared to the first quarter of [...]"