Define: Prebilling

UK Accounting Glossary

Definition: Prebilling


Quick Summary of Prebilling


The issuance of an invoice before the product or service has been provided.



What is the dictionary definition of Prebilling?

Dictionary Definition


To officially lodge a payment request, even though the payment isn’t due until a date in the future. Generally, these are issued in order to get the payment and ensure that it will be paid for, since services have already been rendered.


Advertisement



Full Definition of Prebilling


To submit a request for payment although the payment is not due on a later date. Medical insurance companies will submit a payment receipt before surgery has been completed to ensure payment will be received at a later date.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/prebilling/
Modern Language Association (MLA):
Prebilling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 03, 2020 https://payrollheaven.com/define/prebilling/.
Chicago Manual of Style (CMS):
Prebilling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/prebilling/ (accessed: April 03, 2020).
American Psychological Association (APA):
Prebilling. PayrollHeaven.com. Retrieved April 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/prebilling/

Definition Sources


Definitions for Prebilling are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th December 2019.