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 periodicals archive ?
On one occasion, when the grubstake which McQuesten provided a miner proved short of condensed milk, McQuesten gave the man the funds to purchase the milk from Healy.
Doesn't it seem as if every conceivable sort of profit-making entity is attempting to mine its own Web-based grubstake? (Would you even want to look at a site with a URL like http://www.hernia.com?
assembling a grubstake, following their instincts for adventure, gambling everything, and striking gold." This is just how Coupland depicts the character of Michael.
There were opportunities for a fellow with ambition, and a grubstake, in the wholesale grocers trade and Alvin Woolson was not a man to let grass grow beneath his feet.
With such a grubstake I could take out for California or come back with a grubstake.
After drinking sprees they could be seen walking or lunging after the wagon or sleigh, following their grubstake and leader, who was a gentleman indeed when sober, but hard pressed by his employees who knew too well how to convert his money into liquid before leaving town.
The image of the grizzled prospector or grubstake miner sitting outside the log cabin he hewed from the virgin timber around his camp may be an enduring one, but bears little relationship to the standard of camp facilities available to-and expected by--exploration and mining workforces today.
In addition to large cash payments for good discoveries, Wernecke had always been generous to genuine prospectors and he continued this policy during the shutdown by providing personal loans, grubstake support, free assays and explosives.
With a grubstake, he opened The Black Cat--one of the busiest music houses on the East Coast and one where the bands assuredly do sweat.
81/6 * Getting started without a grubstake * Dowsing; Making beer; $50 greenhouse * Cash from Boer goats, meat chickens * Build a serious homestead food dryer * Holistic perspective on work Jan/Feb 1998 Vol.
With the revenues from that tax, we could provide a grubstake for every child born in this country.
Agnew left Newport with $1,000 and one-and-a-half years later still had his original grubstake. In that time he sailed the Caribbean, went transatlantic in 1981 where he cruised the Greek and Turkish isles, delivered a boat from Sri Lanka to Hong Kong--which included a hair-raising dash through the Straits of Malacca off Singapore armed with automatic weapons to ward off pirates, Losing a rudder and being towed into Hong Kong Harbour behind a Royal Auxiliary troop ship.