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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 n-count An advance is money which is lent or paid to someone before they would normally receive it. She was paid a £100,000 advance for her next two novels. 5 verb To advance an event, or the time or date of an event, means to bring it forward to an earlier time or advance definition: 1. an amount of money that someone borrows and on which they start to pay interest as soon as they…. Learn ;· An advance payment is a payment that is made before goods or services are provided. The company used the money to make an advance payment to the project's owner against future delivery of the product. The advance payment is the good-faith money your client pays when you both sign a contra

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Payment in advance definition and meaning | Collins Pay in advance - Idioms by The Free DictionaryAdvance Payment Definition - in advance definition and meaning | Collins pay (for something) in advance To make a payment before one collects or receives the thing being purchased. In this usage, a noun or pronoun can be used after "pay" to specify who is being paid. You'll have to pay them in advance for the ;· payment in advance in Accounting. ( peɪmənt ɪn ædvæns ) Word forms: (plural) payments in advance. noun. ( Accounting: Commerce) If a business asks for payment in advance, the payment must be received in full before the goods or services are delivered .pay (for something) in advance To make a payment before one collects or receives the thing being purchased. In this usage, a noun or pronoun can be used after "pay" to specify who is being paid. You'll have to pay them in advance for the prepay Burton s Legal Thesaurus. Willi