Upfront Fee

(redirected from Advance Fee)

Upfront Fee

A fee paid before a good is produced or a service is performed. The upfront fee is generally a portion of the total fee that the buyer must pay. For example, one may commission an artist to paint a portrait and pay a 20% upfront fee, paying the remainder when the portrait is finished. It is also called an advance fee.
References in periodicals archive ?
In light of a resurgence of "advance fee fraud schemes" misusing the World Bank Groups name, the institution is warning against investment deals and advance fee schemes that fraudulently invoke the institutions name or claim to be affiliated with the World Bank Group.
The defendant, who is of no fixed address, is standing trial in the court on a two-count charge of felony and advance fee fraud.
This sounds like the first step in an advance fee fraud in which the crooks will ask for money to help the person apparently locked up.
Almost as many (86%) had no idea a cash advance fee applied when buying a lottery ticket.
The advance fee fraud, as it is called, works by luring customers to apply for loans and then asking them to pay a fee for the loan.
Unfortunately, the victims preferred to lick their wounds in private and this incredible era of advance fee scams remains relatively unknown outside a small group of forensic professionals.This is how the scam works.
A two-member bench of SHC, headed by Justice Aqeel Abbasi, heard the contempt of court petition against the private schools for getting advance fee of two months of summer vacations and stopped the school management from receiving the advance fees.
Older people may be particularly likely to be victims of a scam known as advance fee fraud, the analysis suggests.
The suspects were arrested by the Advance Fee Fraud Section of the Commission on November 30, 2018 through an intelligence report received on the fraudulent activities of the suspected fraudsters residing somewhere along Airport Road, as they were obviously living above their means.
He told today's BBC 5 Live Investigates: "Its hugely under-reported, we're talking millions of victims." About 20,000 cases were advance fee scams, including people being told they'd won the lottery but must pay a fee to get the prize.
IHC, in the previous week, ordered PEIRA to bar private schools of Islamabad from collecting three month advance fee from the students.
He said the payment of advance fee in connection with summer vacations will be prohibited too.

Full browser ?