Any amounts that have been paid for goods and services not received by the end of an accounting period. Shown as a current asset in accounts....more on Prepayments
Payments made in excess of scheduled mortgage principal repayments.
Payments made in excess of scheduled mortgage principal repayments. 
Something you have paid in advance of the liability arising. For instance, you may pay telephone rentals quarterly in advance.
Payments made in excess of scheduled mortgage principal repayments.
Something you have paid in advance of the liability arising. For instance, you may pay telephone rentals quarterly in advance.