Prepayment is any payment made before its due date. Complete prepayments cover full liability balance. Partial prepayments cover only part of liability balance
Billing address is used for online transactions and receiving bills. It's the address associated with credit/debit cards for payments. Required for receiving bank statements, tax returns, and invoices
Payment reference number is a unique identifier for financial transactions. Banks automatically generate these numbers for tracking and processing. Reference numbers are crucial for merchants' cash flow management
Disbursement is the delivery of money from a fund to individuals or entities. Can include loans, student loans, insurance claims, and business expenses. May involve third-party payments for services like attorney fees
PPV allows content creators to sell exclusive content through one-time payments. Users pay for specific events, movies, or TV shows. Content is encrypted to prevent unauthorized access
Billing address is typically home address linked to payment method. Includes street, area name, city, and zip code information. Can be changed anytime through online process