1. the practice of issuing an invoice or bill to a customer before goods are delivered or services are fully rendered
Usage: business/accounting term

1. to issue a bill or invoice in advance of delivery or completion of service
Usage: business/accounting term

Examples

• The software company uses prebilling to collect payment before deploying the system to the client.
• Prebilling allows service providers to improve cash flow by invoicing customers early.
• The contract permits prebilling of the first month's subscription fee upon signing.
• Many subscription-based businesses rely on prebilling to manage their revenue streams.
• The accounting department was instructed to prebill the annual maintenance contract in January.