What is PREPAID TICKET?

A ticket bought by the buyer at his/her current location, which allows him/her to make a travel from a different location. The issuance of a prepaid ticket advice (PTA) aids buyers to pick up prepaid tickets.

More On This Topic



Link to This Definition
Did you find this definition of PREPAID TICKET helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary