ADVANCE | meaning in the Cambridge English DictionaryAdvance money financial definition of Advance moneyCalls in Advance: Call, Journal Entries, Working Notes, QuestionsADVANCE | meaning in the Cambridge English DictionaryA 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 in advance. A payment term whereby the buyer remits the amount of money at the time the order is placed. Under this term the buyer is actually extending credit to the seller. Also called CWO (cash with order). Related entries. T/T Te

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