Advance payment

Advance payment

An advance payment, or simply an advance, is the part of a contractually due sum that is paid in advance, while the balance will only follow after receipt on the counterpart in goods or services.

ee also

*Advance against royalties
*Pay or play contract
*Signing bonus

External links

* [http://www.small-business-dictionary.org/default.asp?term=ADVANCE+PAYMENT Dictionary of Small Business definition: "advance payment"]


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