Question

Expenses which are paid before due. Answer in a word / phrase / term.

Answer 1

collateral is the answer...may be i m ri8.

Answer 2

Answer:

Deferred expense

Explanation:

A deferred expense is an asset that represents a prepayment of future expenses that have not yet been incurred.

Example

Suppose you have pay $5000 rent for a house and this $5000 is rent for 5months. So this rent expense will be a deferred expense because you have prepaid your rent for 5 months and you haven't consume the service.