Definitions

1. verb

to pay in advance or to prepay a sum of money

“The company decided to paynize their annual fees to avoid late charges.”

2. verb

to pay a sum of money in advance, especially as a guarantee or deposit

“The hotel required guests to paynize a deposit to secure their booking.”

3. noun

a payment made in advance

“The paynize for the hotel booking was deducted from my account.”