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.
Pakistan Bait-ul-Maal (PBM) officers in the name of giving money to deserving people under child support programme, paid Rs 700 million to bank as advance money while during the last year this amount was only Rs 12 million.
Payment of advance money shall be considered evidence that the contract has become finally binding, and no one can withdraw from it unless the agreement or custom requires otherwise.
She also criticised the practice of booking workers through giving them advance money, and registration of fake criminal cases against the workers.
Rajeev had reportedly taken an advance of Rs 5 million for a land deal, and when the deal fell through the advance money was apparently not returned.
Exploring four types of economic activity--production, exchange, vending, and tourism--anthropologists discuss such topics as synergistic change and smallholder agriculture in Perez Zeled n in Costa Rica, long-distance exchange and centralized political power in precolombian America, markets of the heart: weighing economic and ethical values at ten thousand villages, struggles with changing politics: street vendor livelihoods in contemporary China, and debts and uncertainty: the circulation of advance money among Indian tourism entrepreneurs in Agra.
Mohammad Amir, a butcher said there are many seasonal butchers who become active on Eidul Azha and this time they have cheated many people and disappeared despite of getting advance money from customers.
While waiting on the advance, Wayne went on tour with Drake, but following the tour, Cash Money still didn't give Weezy his advance money.
Fiserv's demo video won Best Use of the Technology for showing how to use Alexa to advance money management and movement at the point of thought.

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