Prepaid or not 12:42 Nov 9, 2017
The more I look at it, the more I think that a "tab" is exactly what is meant here. The restaurant in this case is offering a tab facility to set up a tab for the party-giver's guests. It is prepaid in the sense that a tab guarantees payment, only the amount remains to be settled. That is surely as good as "prepaid" or "on credit". I once organised a drinks party (for an English translators' association!). Before the event I printed out tickets each with a price (£5). Then I handed my credit card to the restaurant manager, and gave each guest one ticket (or 'voucher') entitling them to one free drink for up to £5. After that it was a normal cash bar. At the end of the event the manager gave me all the vouchers collected by the bar staff plus an invoice, and I settled the bill. However 'tab' may be too informal for a price list like this, so if in doubt I would use 'on account'.
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