Prepaid Ticket Advice: A form used when purchasing an air ticket to be picked up and used by someone else at another airport. E-tickets have reduced the need for this greatly.

 

Related Words

Prepaid Ticket Advice: A form used when purchasing an air ticket to be picked up and used by someone else at another airport. E-tickets have reduced the need for this greatly.

Prepaid Interest: An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement.

Prepaid Group Practices: Term originally used to describe healthcare systems that later became known as health maintenance organizations.

Prepaid Group Legal Plan: A benefit plan that provides employees, their spouses or dependents with assistance in obtaining legal services, which have been prepaid in whole or in part by the employer.

Prepaid Items: On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, for which he or she must be reimbursed by the buyer.

Prepaid Ticket: Ticketing method in which a person or company purchases an airline ticket in one location for a traveler in another. The traveler picks up the prepaid ticket from the airline ticket counter.

Ticket: An agreement between passenger and an airline. It can be an e-ticket or a paper ticket.

Split Ticketing: Issuing two one-way tickets instead of a round-trip ticket, usually for purpose of obtaining a lower fare.

Prepaid Expenses: Services, goods, and intangibles paid for prior to the period in which they provide benefit. Prepaid expenses are accounted for as assets until their benefit is realized.

Prepaid Care: Healthcare services provided to an HMO member in exchange for a fixed, monthly premium paid in advance of the delivery of medical care.