Advance Payment

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Advance Payment

A payment on an obligation that is paid well in advance. For example, if one pays May's rent in April, the payment is an advance payment. Often, though not always, the advance payment results in a discount on the amount owed. It is also called a payment in advance.
References in classic literature ?
Tulliver as tenant, and be willing to advance money to be repaid with high interest out of the profits of the business, which would be made over to him, Mr.
Instead, and along with the rest, they were scattered on board sailing ships bound for the four quarters of the globe, where they had been placed by the boarding-house masters, and where they were working out advance money which they had neither seen nor spent.
Vincy would advance money to provide furniture-; and though, since it would not be necessary to pay for everything at once, some bills would be left standing over, he did not waste time in conjecturing how much his father-in-law would give in the form of dowry, to make payment easy.
In the event of Lady Glyde's signing such a document, as I am compelled to suppose the deed in question to be, her trustees would be at liberty to advance money to Sir Percival out of her twenty thousand pounds.
4 million advance money (beyana), a ring of gold and Rs 30,000 and three mobile phones from his friends and fled away.
The state government is also seeking the help of commercial and cooperative banks to advance money to borrowers on easier terms and conditions so as to save them from the clutches of money lenders.
Advance money taken from tenants should be returned immediately at the time of vacating the flat.
He likened it to other schemes in which victims are asked to advance money for other causes, such as to claim alleged lottery winnings.
The holiday makers from Brotton arrived back in England talking of chaotic scenes on the Costa Del Sol after a Saltburn based travel agency had failed to advance money to the Spanish hotel.
That is the message from the Asset Based Finance Association (ABFA), the organisation representing banks and other finance houses that advance money against invoices and other business assets.
PESHAWAR, July 25 -- The exporters of the country in general are staying away to export their goods to Central Asian States (CARs) via Afghanistan after the condition of keeping advance money with the Afghan official for carrying their goods under Afghan Transit Trade accord.
Pavitra Pal Singh, an expert in paddy cultivation said the labourers are refusing to work in the farm fields in spite of farmers sending the advance money to them.

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