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What (who) is advance payment - definition
Advance payment
TYPE OF PAYMENT
Paid in advance; Advance money; Payment in advance; Advancing money
An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery. Advance payments are recorded as a prepaid expense in accrual accounting for the entity issuing the advance.
HMAS Advance (P 83)
1968 ATTACK-CLASS PATROL BOAT
HMAS Advance
HMAS Advance (P 83) was an of the Royal Australian Navy (RAN). Constructed during 1967 and commissioned into the RAN in 1968, Advance operated from Darwin and patrolled northern Australian waters.
Facilitating payment
PAYMENT TO SPEED UP A PROCESS WITHOUT CHANGING THE OUTCOME
Facilitation payment; Grease payment
A facilitating payment, facilitation payment,Frömel, Yas, Facilitation Paymwnts, PhD 2018; https://www.secwhistleblowerattorney.
Examples of use of advance payment
1. For this purpose, it identified location and made advance payment to the owner.
2. Rosneft later said that the money was simply an advance payment for future deliveries.
3. Robert Byrd, D–W.Va., who reported a $60,000 advance payment from W.W.
4. Summer rentals may require advance payment in full, and long–term renters who pay in full can expect a discount.
5. Meanwhile some middlemen have appeared in the field and they booking sugarcane with advance payment of the price.