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.
Advance money which involves them setting a budget for several items.
The Finance Ministry also explained that the proposal for the Sarawak government to utilise the loan repayments to repair the dilapidated schools, was in fact, advance money from the Federal government because it involved funds previously lent to the Sarawak government.
Under the loan agreements, Westernbank agreed to advance money based on Inyxs customer invoices from actual and bona fide sales to Inyx customers, the evidence showed.
Villagers alleged that the previous government in 2012 had taken Rs 1400 as advance money for providing electric connection but they are still waiting to get one.
Sekgotla said the P30 000 was advance money from Botswana Premier League.
Some said the Khokhars paid advance money and got possession of plots from them, but failed to pay the remaining amount.
Despite getting advance money, the company started adopting delay tactics.
A kiln worker at Koral said, "we have to take advance money

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