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.
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.
75 left in the chest a grubstake, a concept that developed in the waning years of the Gold Rush, said Lingenfelter, who studied mining finance and in 1986 wrote a comprehensive history of Death Valley.
Roza Brown was a pungent Hungarian entrepreneuse who helped grubstake Hargreaves and Oakes.
Neither farmers nor heiresses, their grubstake running low, they find jobs, teaching and printing a newspaper.
Grubstake, a full-service restaurant with bar combined with a separate Lobby Lounge, provides the credibility of Manhattan and the charm of Brooklyn.
Elsewhere in this issue of The American Prospect, Jonathan Rowe offers an ingenious proposal for giving every American child a grubstake at birth.